Mortgage

Bad Credit? Consider Alternative Lenders for a Mortgage

Mainstream mortgage lenders are not for everyone One of our alternative lenders was visiting the office last week and gave us an update on their products and policies.  What struck me, not for the first time, was that we Canadians are so nervous about venturing away from the so-called “A Lenders” and big names that …

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Why Real Estate is used to Launder Money(Not a “How To” Guide)

It has been said that one of the easiest ways to launder money is through real estate. Money is laundered as a way of making the source of the money appear to come from a legitimate, legal source when it has in fact, been made through illegal activities including trafficking of drugs, weapons and people; …

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Do you want to earn 12% return on your investment?

This is an actual opportunity, not just a lesson for today, but first the lesson.  Mortgage lending is the single biggest source of income for any major bank in the world.  They take in money from their clients and the Bank of Canada(or whatever country that bank resides in), and they lend out the money …

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Insurance – Property vs. Life, which should you choose?

Are your aware of the mortgage insurance trap!? It’s important to insure your mortgage; however, you shouldn’t jump at the opportunity to have it through your lender.  At the time of signing your mortgage commitment documentation, you will be asked if you would like to insure your mortgage or not, in case of accidental death, your …

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Make your Canadian mortgage a tax deductible mortgage.

What if you had the ability to pay down your mortgage, and for every dollar you paid off you got that dollar back with interest every time you make a payment? Sound too good to be true? What if I could show you how to make your mortgage tax deductible? Still too good to be true, It …

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New Canadian Mortgage Rules – July 9th, 2012

Effective July 9th, 2012, the Canadian government – Department of Finance has updated the rules for mortgage lending.  It affects some people, and won’t affect others.  To help clarify whether this will affect you or not, please read the following changes and guidelines for mortgages after July 9th, 2012: Maximum Amortization Available for Default Insured Mortgages(CMHC, …

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