So where do you think the best place to get a mortgage is? The banks? Credit Union? What if I was to tell you that the best to get financing is from the seller. Would you believe me? Now let me tell you some of the benefits of seller financing and you can judge for [...]
Many borrowers often confuse the two and think they are the same when in fact they are very different. So what exactly is the difference? Pre-Qualification is a process a borrower can ask for to determine their ability to obtain a mortgage. Lenders can assist by reviewing monthly income, debt and cash on hand. After [...]
Looks like the end of the low home borrowing costs! By Sunny Freeman, The Canadian Press TORONTO – Rising mortgage rates announced Monday signal the end of historically low home borrowing costs and present Canadian consumers with a dilemma: either stay flexible, hope for the best and ride out the next several months or lock [...]
There are times when it is better for a person to rent, but most often home ownership has many more benefits and advantages. Recent studies are showing that there are many benefits for both the owners and the community for owning your own home, including increased education for children, a connection to your community, pride [...]
Using your RRSP for real estate investing is much easier then you think. Simply put, your RRSP will be registered as a mortgage against the investment property. It’s like you and your RRSP become a bank, and we “borrow” the money from you. Your money is on title as a mortgage, just like a bank [...]
