How to choose a mortgage broker for your commercial mortgage
If you own or operate a business or you are a real estate investor, then at some point you will likely be shopping around for a commercial mortgage. Working with a mortgage broker can give you several advantages over working with a traditional lender like a bank because a mortgage broker has the ability to shop around on your behalf to help you find the best rates and terms for your company – and that just makes good business sense!
Is a Private Mortgage Right for Me?
If you are thinking about purchasing a home, congratulations! This is a big step in your life and for many Canadians, their home will be the biggest and most important purchase in their lifetime. It can be both exciting and scary. And if you have started shopping around for a mortgage, you know that there are many different kinds of mortgages to choose from and you may be wondering how to make the best choice. One of your options is to get a private mortgage but before you sign that contract you need to decide whether a private mortgage is really the best option for you.
The Pros and Cons of Using Mortgage Refinancing for Debt Reduction
It is no secret that many Canadian households are carrying massive consumer debt. If your household is one of these and you are looking for a way to finally get out from underneath this heavy burden, you may be considering refinancing your mortgage.
What happens when you renew your mortgage?
Getting that first mortgage and moving into your very own home can be an exciting time. But before you know it, your mortgage is up for renewal and you receive a notice from your lending institution that it is time to sign on for another term. But before you sign, you’ll want to read what we have to say!
How to Win with a Private Mortgage
A private mortgage can have many advantages over one from a traditional bank. Whether you are thinking of obtaining a private mortgage or offering one, it is important that things are done correctly. Ideally, this should be a win-win situation.
Home Equity Lines of Credit What You Should Know
Home equity lines of credit (HELOCs) have become a popular type of loan across Canada. HELOCs can be an excellent way to borrow money because the loan itself is fairly inexpensive compared to other types of credit, and they are quite easy to qualify for if you have equity in your home. Home equity lines of credit can be put to all kinds of uses from making renovations to your home, starting a business or for paying off higher interest debt.
Five Things You Should Know Before Refinancing
Refinancing your mortgage can be a great way to take advantage of lower interest rates, consolidate debt and save money. But it can also cost you money if you do it in the wrong way or with the wrong lender. Before refinancing, it is always best to sit down with a professional mortgage broker to get their expert advice.
When Should I Consider a Mortgage from a Private Lender?
Owning a home can be an important step toward gaining your financial freedom, but what happens when traditional lenders just won’t approve you for a mortgage? Until recently, only about 4-5% percent of mortgages in Canada have been from private lenders, but as stricter rules have come into effect, we are seeing that number starting to rise.
Five reasons to visit your mortgage broker for a business loan
Most Canadian entrepreneurs when they think about getting a business loan either to launch their start-up or to scale their existing business, think about heading to their bank to apply for the loan. And while this can be a good option, it is frequently not the best option.
Is Rent-to-Own the Right Choice for You?
Many people in Canada consider home ownership to be an essential part of their financial security. But sometimes, for various reasons people are held back from this dream because they can’t qualify for a traditional mortgage. They feel trapped in a cycle of renting that only goes towards funding some else’s financial security instead of investing in their own. Rent-to-own is one solution that might help such individuals.