Mortgage Scams: How-to Prevent Them
It’s unfortunate, but mortgage scams happen to unsuspecting homebuyers’ everyday throughout Canada. Buying a home is a huge financial decision that needs to be carefully planned, researched and then made. There are a few different types of scams, but the 3 to watch out for when you’re shopping around are: Online scams Rent-to-own scams Unlicensed […]
Canada Small Business Financing (CSBF) loan
Who knew having a small business could avail so many benefits. By just having an annual gross revenue below $10,000,000 can avail you a loan of 1,000,000 from the Federal Government.
Know The Risks of a Rent-to-Own Home
If you’re looking for a way to enter the real estate market and considering a rent-to-own home, then you should be aware that renting-to-own is extremely risky and super expensive.
Real Estate Investing: Alternative Financing for Investors
Sometimes real estate investors who own many properties experience difficulties getting bank financing for a new property. Thankfully private mortgage lenders have been coming to their rescue providing viable financing options. With an always-changing financial industry, many big changes have come into play due to a shift in economic climate. Subprime mortgage lenders have faded […]
Five Strategies for Paying Off Your Mortgage Sooner
Most homeowners remain focused so much on their mortgage rates that they often don’t consider prepayment options. Don’t be one of them. You can use these five strategies to pay off your mortgage sooner.
Denied Mortgage Renewal, What Happens Next?
Your maturity date on your current mortgage is quickly approaching, so it’s time to renew for another term? What if your renewal get denied? What happens next? Well, you can expect that your lender will send you a renewal offer prior to your term expiration date via regular mail. Your renewal offer should include your […]
Tips for Negotiating Your First Mortgage
You’ve most likely spent the better part of the last year or more working hard to pay off your debts, added to your savings to accumulate your down payment plus a little extra and attended many open houses to find your dream home. With an accepted offer, now it’s time to become a homeowner and […]
Commercial Mortgages for Commercial Real Estate
Are you an experienced commercial investor? If so, then you may already understand what a commercial mortgage is and how it works. However, if you’re just making your first commercial investment by purchasing a new commercial property then you probably need to learn a little more about it. Basically, a commercial mortgage loan is one […]
Understanding Canadian Mortgage Terms
A mortgage term can be defined as the amount of time you are committed to various aspects of your mortgage loan. This includes things like your lender, your mortgage interest rate and also the conditions set by your lender. Mortgage terms vary in Canada, but most Canadians choose a 5-year mortgage term. Once your mortgage […]
Q & A: The 5 Most Important Questions to Ask When Applying for a Mortgage
Before you buy your first home, we want you to be prepared so that you can ask all the right questions. Here are 8 important questions you should ask your mortgage broker before submitting your application for a mortgage.