Self-Employed Archives - Page 5 of 7 -

Common Types of Mortgages

There are many type’s of mortgages available in the Canada’s Lending Market, which makes being a home buyer an overwhelming process.

That is why using a Mortgage Agent is always advised as we will take the time to explain your options and help find you the right mortgage product for your current and future needs.

We have made a list that will hopefully help you understand what is right for you. This list comprises some of the most common types of mortgages available in Halton, Kitchener, Waterloo, Cambridge, Guelph and surrounding area’s. (more…)

By Meghan Van Houten, 7 yearsApril 2, 2018 ago

First-Time Buyer

Using the Home Buyer’s Plan

The Home Buyer’s Plan (HBP) is a government offered program that allows prospective home buyer’s to utilize their RRSP contributions to assist in the purchase of a home (to be used for the down payment and/or the closing costs of your home purchase).

To utilize this program you must meet the eligibility criteria. (more…)

By Meghan Van Houten, 7 yearsMarch 21, 2018 ago

First-Time Buyer

Prepare to Apply for a New Mortgage, or to Refinance an Existing Mortgage

These suggestions can help you avoid the stress and blockades that many borrowers have faced along the route to approval.

If you don’t already know, getting pre-qualified is always the very first step that should be taken! However, even before the per-qualification, you need to make sure you have all your ducks in a row! (more…)

By Meghan Van Houten, 7 yearsJanuary 10, 2018 ago

Equity Take-Out

New Stress Test Guidelines for Insured Buyers

As of January 1st 2018, Canada’s Uninsured home buyers will be required to qualify for their mortgage with an interest rate of the greater of the Bank of Canada (BOC) Rate, or 2% higher then the contract rate. (more…)

By Meghan Van Houten, 7 yearsDecember 15, 2017 ago

Loan

Canada Small Business Financing (CSBF) Loans

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…)

By Meghan Van Houten, 7 yearsNovember 2, 2017 ago

Private Mortgage

Buying Property under a Corporation Name

When you incorporate your business, you can protect your personal finances and personal property in the event of a legal action being filed against you as the only assets liable would be those that belong to the corporation specifically. Incorporating your business also allows you to purchase assets under that company which lets you increase your business assets, credit rating and enter into real estate investment’s.

Steps to buying a property under a corporate name (more…)

By Meghan Van Houten, 7 yearsOctober 9, 2017 ago