Congratulations! You are now an owner of a unit in Victoria Station! That was fun to read but the happy feeling did not last until I was faced with so many housing loan terminology and processing I never heard about before. I should blame my real estate agent for not informing me about these things even before my loan got approved. It’s easy to get a loan but paying for it will be the difficult one especially when there are hidden charges you did not know about. I should smack my head for not being that inquisitive about this things but well it’s done. I’m an owner of a new condo unit. Hoorah!
Anyway, with the housing loan up my sleeves there are so many housing loan terminology I need to understand like equity, real estate taxes, MRI, upgrading and more. I feel lost and I do think I need a Credit Counseling if not a real real estate broker who knows what he/she is doing. It appears my agent is a newbie and does not know the terms that well. Yuck. Anyway it’s done what I want to know now is what are my options with regards to shortening my loan term and getting rid of those extra charges.