A dilemma for clients and Brokers alike. Short version; Engage your Mortgage Broker for a better understanding of this product. HomeEquity Bank Guarantees that the amount to be repaid will never exceed the fair market value of your home at the time that it is sold. No...
If you are retaining your residence as an investment property (rental) and moving on to your next home, there’s one very important first step. Before you do anything else, evaluate your current financing and look for opportunities to achieve the maximum leverage...
If you are considering an Open Mortgage or are currently carrying a significant balance on a secured line of credit this post will be of value to you. Interest only payments are great from a cash-flow perspective, but perhaps there is more to consider, read on. Short...
[vc_row][vc_column width=”1/1″]If you build it, they will come… and finance it. Maybe. Construction Financing – These Files are Not all Built the Same. Unless you build something that is perhaps less ‘marketable’ than what is...
Short Version Asking whether ones mortgage is portable or not is not the right (complete) question. Confirming that one is able to qualify to port their mortgage to a new property is the key question. Speak to your Broker in detail about your plans, and assume...
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