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Regardless of what a pandemic has done to the world economy, private mortgage lenders are still lending. This is because mortgages, especially residential, are undoubtedly their largest source of profit. They faced quite a few challenges since the pandemic began and during this tough time, have learned to overcome them …
I don’t know about you, but I need positive news every morning to keep me motivated, productive, and optimistic. Each morning I follow the same routine. After I read my emails and respond, I Google the news to see what’s happening in the World and Canada. Lately, life’s been pretty …
Private capital fee costs, like any service fee, can be seen as a scam. Nothing could be further from the truth. These fees protect lenders from two possible o scenarios that can leave them at financial risk. Private capital fees fall into two basic categories. They are due diligence fees/processing …
The down payment required from borrowers by lenders, investors and banks is a major hurdle to buying a rental property Before lenders can approve your investment property mortgage application, they expect you to be able to pay part of the home’s purchase price upfront. This upfront payment is called the …
Scams and frauds targeted at seniors are not unfounded. 34% of Canadians have previously fallen victim to fraud, at a cost of $100 million each year – $20 million of which comes from retirees. HomeEquity Bank, the leading lender in CHIP Reverse Mortgages has partnered with renowned conman-turned-fraud-expert Frank W. …
Are you looking for the best commercial real estate to invest in today? You will probably need a commercial mortgage to seal the deal. Real estate is one of the best choices to invest your money. It can become an excellent long-term investment where it can provide an ongoing passive …
There are many benefits to working with a mortgage broker to obtain a mortgage or loan. Perhaps your offer on a home was accepted, or your mortgage has come up for renewal and you can refinance for a better rate. Maybe you would like some extra funds for a home …
One difference between a commercial mortgage and a residential one is the commercial borrower would be a business, not an individual. Your business is growing! That’s amazing because our economy could sure use a boost. It’s a much more difficult process but hang in there. I can help you get …
Are you going through a divorce or ending a common-law arrangement and if so, how will you be dividing your property? Such assets can make the already aggravated situation even more stressful. Divorce is complicated on its own merit. Learn below how is a mortgage dealt with for married couples …
The 5 Cs of Credit determine how lenders define your creditworthiness. They are character, capacity, collateral, capital, and conditions and each determines how likely you are to receive funding. I will explain all 5 C’s in-depth below. The 5 C’s of Credit Explained Character The first and probably the most …
