Posts tagged ‘Arnold Molder’
The Banks and The Mortgage Game
This week I read an article in The Financial Post stating that 60% of mortgages in Canada are held by chartered banks. My father often talks to me about the ‘good ol’days’ when chartered banks weren’t in the residential mortgage business period. He often reflects back on the time when the majority of residential mortgages [...]
Files Of The Broker: Property Tax Arrears & Judicial Sale
The consequences of not paying property taxes are not well appreciated. In my last blog entry I explained the term Judicial Sale and highlighted that this legal process is a great opportunity to acquire undervauled properties in cottage country. More often than not the cause is the non-payment of property taxes. The other day we [...]
Files Of The Broker: What Is A Judicial Sale?
In my last post I wrote about an astute investor who exploited the opportunity of a Judicial Sale when he bought a unique, mixed-use property, for a bargain price of under $100,000. Such opportunities come up frequently but are missed by most people because they don’t know where to look specifically. In addition, the term [...]
Files Of The Broker: Oddball Property Private Mortgage Financing
What do you get when you try to buy a property that was once a jail, fire hall, dance hall & town hall? A financing conundrum. This is exactly what one of our clients purchased, where we provided private mortgage financing. The purchase is even more remarkable when you consider that the jail, fire-hall, town-hall [...]
Four Years. Go.
This past weekend the Mortgage Broker (Arnold Molder) took his son (Christopher Molder) to Boston to attend The Global Sufficiency Summit. It was truly an eye opening and unforgettable experience which I will be blogging and talking more about over the coming weeks and months. There is so much that we would like to share [...]
Fixed vs. Variable: The Train Is On The Tracks
Do you remember when you were a kid and you stood on the train tracks on a hot summer day peering into the distance for the coming train? Then suddenly, in the distance, a single light appeared suspended in mid air and the shape of a massive train hurdling towards you sent your heart racing. [...]
What Does Term Refer To In My Mortgage Contract?
There is no such thing as a silly question. Especially when it comes to your mortgage and money! As a mortgage broker I sit down and work with a lot of borrowers, some have a very high level of financial literacy and others never had the opportunity or need to learn. Arranging a mortgage on [...]
Monday Mortgage Minute January 4th 2010
Toronto Mortgage interest rates for the week of January 4th 2010. Happy New Year! As of today lenders have given us a fair warning that fixed interest rates will be rising this week. Already we have seen one lender jump their fixed 5 year from 3.99% to 4.44%. In order to secure your low fixed [...]
Monday Mortgage Minute – Dec 21st, 2009
Toronto Mortgage interest rates for the week of December 21st. Interesting to note that during a week that is traditionally calm in the markets there was another rise to the 5 year bond yield. I’ll keep an eye on further developments during the week to see how fixed rates will be effected. 1 year fixed [...]