• Borrowing

  • How To Purchase When The Mortgage Rules Keep Changing?

    Whether you are a resident of Canada or even a non-resident (living and working abroad), you are probably wondering how to keep purchasing and/or refinancing when the mortgage rules keep changing like the wind! Since last October, we have seen massive changes – everything from increased rates, [...]

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    Why Is DCR The Most Important Factor In Commercial Financing?

    DCR or debt coverage ratio, is one if not the most important thing to factor when it comes to commercial financing.  However, it is one of the most overlooked aspects so I thought I would touch upon it’s importance here. Last month, I closed on a very difficult commercial deal – a 12-plex in [...]

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    Updates For Non-Resident Purchases In Canada

    Recently James, a non-resident from Singapore purchased a property in Toronto.  We completed the deal from start to finish in 10 days, which was highly stressful for both the borrower, realtor and mortgage broker – yours truly. Everyday, I was faced with lender delays, appraisal delays’ and [...]

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    How A Pre-Approval From the Bank Went Array!

    Recently, I was contacted by a new client that was separating from her husband. Prior to filing for separation they decided to amicably split and split the proceeds from the sale of their existing home. They agreed that since they had no children and he had supported her through her schooling, he [...]

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    How The New Mortgage Rules Could Affect Real Estate Investors

    Last week we were all taken aback when the Federal Government released the latest round of mortgage rules. It was not just one new rule but four new rules and it could certainly impact Real Estate Investors to name just segment. By now we as professionals have all had time to process the changes,[...]

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    Should You Sell and Upsize or Renovate Your Existing Home?

    In Canada we have two past times or conversations that get people heated up! One is the weather and the other is real estate. The last few years have given people lots to talk about – even those that are not directly in the real estate industry. We speculate when the market crash or softening [...]

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    Private Lending – What You Need to Know? Part 1

    Private Lending has become a hot topic of late! Due to a variety of reasons, borrowers may need private loans due to insufficient income to qualify for a mortgage, debt consolidation, damaged credit and even people looking to borrow money against their equity. However in many cases the existing [...]

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