You are considering buying a home that needs some work but aren’t sure how to pay for those improvements?
Don’t worry, a mortgage broker can help you get the necessary funding, even with as little as 5% down!
So you are thinking about buying a new home and have decided that a new build is what you really want, that’s a great idea, nearly one third of home buyers opt for a brand new build!
It means you can customize your home to meet your personal wants, needs, and style! You have lower maintenance costs on a new build, and unexpected surprises (like asbestos, major plumbing issues, or electrical upgrades) are unlikely! (more…)
Most mortgage borrowers don’t know what a collateral mortgage is. When a lender registers your mortgage they can either register it as a “Collateral charge” or a “Conventional Mortgage Charge”. There are several lender’s who have done Collateral only mortgages for the last 8+ years so you may very well be in a collateral mortgage without knowing it. So what does this mean to you?
The definition of collateral is self explanatory, however the way it works in mortgage lending is a more of a “Readvanceable Loan”. Let me explain the difference between Collateral and Conventional.
Who knew having a small business could have so many benefits. By having an annual gross revenue below $10,000,000 you can have acess to $1,000,000 from the Federal Government.
How? By getting to understand CSBF, a loan designed just for you. (more…)