Mortgage are financial loans that offer a real estate as a collateral, mortgage agents offer best deals
Gifted down payment Gifted down payment are funds given to a mortgage applicant by an immediate family member to be used to qualify for a mortgage or simply to lower the mortgage amount. It is a very common and popular mechanism used by parents or siblings to support their family members financially without expecting the support being…
down-payment from RRSP’s If you as a first-time home-buyer are planning to buy your home this year and are facing the question of where will you get the down payment from? This article is for you. One can only admit that the advantages given, by the Government of Canada when it comes to promoting homeownership are…
2016/2017 CHMC housing market outlook for the GTA A short and easy to read summary of the CHMC study on the 2016/2017 CHMC housing market outlook can be found on this page and a link to the entire downloadable report can be found at the bottom of this post. At any time, if you wish, you…
Be prepared for your mortgage Anticipating for your coming mortgage renewal, refinancing or home purchase will always pay off, it’s a smart decision and an excellent financial practice. Since you are not in control of all the factors that affect your future transaction, it is most convenience to stay ahead of the curve. Unless you…
Become a mortgage lender A mortgage lender is who lends money securitized, and registering the loan against a real estate property with the intention of benefiting from the interest paid by the borrower. Banks, financial institutions and private lenders profit from this service and help borrowers with their financial needs and have the security on the…
Home purchase Assist program from First Swiss Mortgage Corporation First Swiss Mortgage will lend a second up to 95% LTV, that client can use to reduce the first mortgage amount below CMHC margin. Which means – no CMHC premiums, and less down-payment form client’s own sources Not everyone can afford 20% down-payment, especially at the…
Mortgage for single parents In Ontario, as of 2011 according to Stats Canada, there were more than 604,000 lone-parent families, and in a staggering 80% of them, the female parent was living with their children!. Now, this days is very difficult enough for a married or common-law couple to qualify for a mortgage in order…
Financial character Financial character is the mental and moral group of qualities presented by an individual in regards to his/her behaviors when it comes to his/her financial agreements. Your credit score may not be good enough to qualify for a mortgage! Your high income may not be sufficient to qualify for a mortgage! Have you suffer…
Economists officially define a recession as two consecutive quarters of negative growth in gross domestic product (GDP). This is a significant decline in economic activity spread across the entire country. A short analysis of how recession might affect our families and the positive perspective at the end of all But, how does affect you as…
35,000 home buyers plan Raising the amount allowed to be borrowed from your RRSP’s savings account from 25,000 to 35,000 to be used as a home down payment is a “Plan” that one of the candidates for the prime minister’s office is looking to champion So far this is only a “Plan”, but how interesting is that to you…
Appraisal rebate is an excellent opportunity and limited time offer that can help you save after we consider the reality that there are a number of additional costs when buying a home. This special appraisal rebate offer is valid through your mortgage agent For a limited time (valid only until July 31st, 2015) Equity Financial…
Getting your mortgage approved so that you can purchase or refinance your real estate property. That is one of the services that I offer. But this service does not come alone and getting your mortgage approved is among the first steps towards the goal of building your wealth, my continue support and care to service…
The following are some of the costs that a home buyer should consider when purchasing a property One of the reasons why some people are hesitant to purchase a new home may be because they don’t know of the extra expenses they’ll go into after the purchase of the property Knowledge is power, and you can learn…
A refinance story After a period of some stressful time in their life, this including hard work, a change of workplace, some family illnesses and some accumulation in the credit card usage , a client called me asking for some financial advise. Their goal was to recuperate their financial stability, to stop accumulating debt with…
The Home in Peel Affordable Ownership Program is designed to provide low to moderate income residents who are currently renting in the Region of Peel with loan The program fundamentally seeks to help with the 5% down payment of a property to be purchased by those already leaving in Peel region but are currently renting….
Simply put in regards to Canadians household debt; In average we currently owe 162.6 percent of every disposable dollar, that means from every dollar after available after taxes and mandatory charges. This has been attributed in part to record low-interest rates that may have been seeing as an invitation to get into debt by…
Store & Apartment financing. So you have a retail store that is doing fine, has been keeping you busy for the past couple of years, sales are going up and your break-even ratio is getting lower, but you are still paying rent. You could choose what seems to be the most comfortable, secure and logical…
It may be the difficulty of moving out of a comfort zone the reason why many people are still renting, and my comfort zone I don’t mean a geographic zone, but a mindset zone. There is without question a great deal of people that are committed to paying the same amount of money as a…
Home sale prices in Ontario Is it really worth it to buy a house? That is a question that some renters that I have come across with have or had, like John and Sue (not real names) from Toronto, who were renting because they never thought that they could buy a house considering their financial…
Household credit growth in Canada The information on the following graph helps us observe that from the past 7 year approximately borrowers are paying more importance to their secure mortgage credit rather than easy to obtain commercial credit like credit cards; Thanks in part to the federal government regulations and on to the slow economic…
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