Posts tagged ‘Files Of The Broker’
3 Ways To Invest In Private Mortgages
Tweet I sat down with my Dad to talk about how an investor can invest in private mortgages. As president of a Mortgage Investment Corporation (MIC) and over 35 years of experience he has a lot of insight into the world of mortgage investments. Essentially there are 3 ways that an investor interested in mortgages [...]
Mortgage 101: Down Payment
Tweet Down payment is an important piece of the puzzle when you apply for your first mortgage. Lenders like to see that you are coming to the table with your own money at play. It shows that you have had the ability to save/invest which helps with the overall application. If you are considering buying [...]
Reader Comment From TD Green Fuzzy Handcuffs
Tweet Anonymous Writes in response to TD Collateral: Green Fuzzy Handcuffs: Wow, you’re either really misinformed or deliberately twisting everything. The other banks are not sitting on the side lines waiting to see if TD’s changes works. Scotia has been doing it for years as their STEP mortgage, that’s why TD has made it [...]
The Banks and The Mortgage Game
Tweet 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 [...]
Files Of The Broker: Oddball Property Private Mortgage Financing
Tweet 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, [...]
