What is Rent-to-Own? Rent-to-Own (RTO) is an agreement between a landlord and tenant in which the tenant agrees to rent the property for a certain period and has an option to buy before the lease expires. It’s essentially a hybrid approach to owning a property. You get to experience the property for a period before …
In the times of high interest rates, don’t discount Rent-To-Own Read More »
Let’s get down to the basics – What is a mortgage renewal? Mortgage renewals are the bread and butter of home ownership. Not really, but they are SUPER SUPER important. Mortgage renewals are a great opportunity to renegotiate the terms of your current contract with the current lender without needing to reapply for financing with …
A Simple Guide to Understanding Mortgage Renewals in Canada Read More »
Inflation, rising interest rates, increasing housing prices – it can all be overwhelming! What could possibly be next?! Let’s break it down and talk about how rising interest rates correlate to homeownership. Let’s get down to the basics… Rising interest rates represent an increase in the cost of borrowing. Increasing interest rates is a tactic …
How Can a Mortgage Broker Help You When Interest Rates are Rising? Read More »
Anyone can use the lists below from the person who is a first-time home buyer or the seasoned seller and buyer. Use it as you like; it’s to support you in your journey to selling or buying your home. SELLING YOUR HOUSE Find out Your Mortgage payout Get a market evaluation Count the cost: Real …
A Checklist For Selling Your House And Buying Your New Dream Home Read More »
First-time homebuyers and seasoned purchasers will all run into the same process of how to purchase a home. The question they may ask is, “how do I purchase my next home with confidence, knowing that I hit every step with strength?” There are nine steps to purchasing your next dream home. Step One: Speak with …
Selling your house can be a regular occurrence or a once-in-a-lifetime ordeal; in either case, there is a process to sell your house. The process is standard to cover all bases to have an effective and profitable sale. The first step is to get an evaluation of your property’s value. Three different ways you can …
There are ways to leveraging the equity in a home so you, the homeowner, can start making money. The secret is: take the equity out of the house to pay off outstanding debts, invest in something of interest, or take out money from the house to buy other properties. There are different lenders available to …
Toronto has become a well-known place to be an expensive city to own a home. The average home price in Toronto is 1.045 million dollars making it one of the most expensive places to live in the world. Getting a home for the first time may sometimes feel impossible; however, once that dream home is …
If you are looking for a different option to invest in than the stocks and bonds markets, private money lending in the real estate market would be a good option. As a private lender, you will make higher returns on your investment while lowering your risks than you will make in a bank saving account. …
Lenders look for the 5 Cs in order to approve loans and mortgages. How does the average person qualify for a loan? The secret is in understanding what are the 5 Cs. The Five Cs that make financing easy are: Capacity, Capital, Credibility, Collateral, and Character. C1 – Capacity. The most critical element to getting …
