Private second mortgages can be very useful to unlock potential. The ingredients to a successful transaction include need, equity and a solid exit strategy. Sounds simple but knowing how to put the pieces together at a reasonable rate takes some know how. [Read more…] about HOW WE USED A PRIVATE SECOND MORTGAGE FOR A PURCHASE PLUS IMPROVEMENT
Private mortgage financing is not always economical however that doesn’t mean it isn’t useful to help you move forward to achieve financial success or independence. When applied correctly a private home equity loan can unlock tremendous potential.
A private home equity mortgage is rarely going to be a borrower’s first choice for financing. Private mortgages involve fees and extraordinary costs that you wouldn’t typically pay through a more conventional institutional lender like your bank.
With another RRSP season deadline just behind us, a lot of us are probably still thinking about investments. And what better time to have a look at new investment opportunities. Specifically, I’m talking about investing in mortgages. Chances are you don’t give mortgage investing much thought but the truth is most of us have an indirect investment in mortgages. [Read more…] about 3 Ways To Invest In Mortgages
The failure to pay property taxes and resulting consequences are not always well appreciated.
Earlier I reported how we saved a homeowner from falling into the hands of the municipality through the Sheriff. The legal action, initiated by a municipality, was over failure to pay property taxes. [Read more…] about Files Of The Broker: Tax Arrears, Wolves & The Oak Ridges Morraine