Obtaining a commercial mortgage in Canada is an essential step for many businesses that are looking to purchase or refinance their property. With the current economic climate and the uncertain future, it is important to understand the process and the requirements for a commercial mortgage.
Read MoreBritish Columbia is a great place to buy property because of its stunning landscapes and relaxed residency requirements. The cities in BC are beautiful and well-maintained, while the countryside is lush and green.
Read MoreSelf-employed individuals often have difficulty obtaining a mortgage due to fluctuating or hard-to-prove income. Many business owners are also motivated to expense as much as possible for tax purposes, which lenders often do not consider.
Read MoreRenewing your mortgage can be a daunting task, but it doesn't have to be. With a little bit of research and preparation, you can save yourself a lot of money and hassle. The most important thing is to shop around and compare rates from different lenders. Don't be afraid to negotiate with your lender for a better rate.
Read MorePeople with outstanding debts such as car loans and credit card debts are more likely to get rejected by all mortgage lenders. If a person has a lot of debts, they have a higher chance of defaulting on the loan. Therefore, the lending company will be less likely to approve the loan.
Read MoreGetting your mortgage rejected can be hard to get over if you're just beginning your home search or bidding on the next place you're staying. You'll probably run through possible reasons the bank turned down your loan and some tips on how to deal with it. However, if you've been rejected for a mortgage, you may be more inclined to give up and move on.
Read MoreAre you considering taking out a commercial mortgage? If so, you'll need to know which properties are eligible for this financing.
Read MoreSome loans have fixed rates, while others offer variable rates. We'll discuss what fixed-rate loans and variable-rate loans are today:
Read MoreThe Canadian government imposes strict qualifications to ensure you can afford your mortgage. This is where the mortgage stress test comes into play.
Read MoreIf you are a non-resident acquiring real estate in Canada, there are options to enter into an investment property. You may have questions about real estate, but you've come to the right place.
Read MoreOwning a home is both an achievement and an investment. But for first-time home buyers, it is a challenge to get approved for a mortgage that could help them in owning a home faster and easier.
Read MoreWhat are private mortgages? If you want to know the answer to this question, read on as we break down everything you need to know about private mortgage lending.
Read MoreToday, we’ll look at mortgages Canadians who are self-employed can qualify for. We’ll also tackle how the self-employed can present their creditworthiness.
Read MoreGetting pre-approved for a mortgage helps people get lender approval before buying a house. It gives the buyer peace of mind knowing that they can purchase a property that they can afford. Being pre-approved for a mortgage will be a great advantage for buyers since they can get an idea of the mortgage amount they can afford. It can help them save on their time, energy, and efforts when looking at prospective houses.
Read MoreThere are many nuances to succeeding with your mortgage as an entrepreneur, but in this article, we're going to cover the first major considerations, including what trade-offs you need to balance when it comes to paying less taxes, and also how you can qualify for the mortgage you need.
Read MoreFairly dividing debt obligations can be difficult during a divorce or breakup. Your mortgage is typically your largest liability, and it must be managed fairly in the face of high emotion and arguments at home. While you may be worried about what's going on inside your relationship, your mortgage lender will never know how you feel about the split.
Read MoreAre you thinking about buying a home within the next year, but can’t seem to save the down payment and closing costs fast enough? Here is a trick to get you there much faster by using the Home Buyers Plan which smartly leverages RRSP loans and gets you a tax refund in the thousands.
In the case study below, a young couple made $21,000 appear overnight by smartly using RRSP loans and then applying for a mortgage.
Read MoreBefore you consider putting in a firm subject-free cash offer, you need to understand the risks involved and understand that usually this can backfire because of something being wrong with the property instead of your paperwork.
Read MoreA collateral mortgage is a type of mortgage product that is “re-advanceable,” which means the lender can loan you more funds as the value of your home increases without the need to refinance your home loan. In this case, your lender would register your property with a collateral charge, often for a higher amount compared to the loan amount required.
Read MoreMost people who spend hundreds of hours house-shopping online don’t realize that spending a mere 28 minutes getting a mortgage pre-approval can make them $10,000 wealthier while getting protection from losing thousands of dollars.
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