If you're looking for a mortgage, you might be considering private lending as an option. Private mortgage lending is an alternative to traditional lending from banks or credit unions. In this blog, we'll give you an overview of private mortgage lending and help you understand if it's the right option for you.
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Private Mortgage Lending: An Overview for Borrowers
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Demystifying the Mortgage Pre-Approval Process
As a potential homebuyer, getting pre-approved for a mortgage is an essential step in the home-buying process. It allows you to know how much money you can borrow and what your monthly payments will be. However, the mortgage pre-approval process can be overwhelming and confusing, especially for first-time homebuyers. In this blog post, we'll break down the mortgage pre-approval process and explain everything you need to know.
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Understanding Self-Employed Income for Mortgage Approval
As a self-employed individual, you are your own boss, and you have the freedom to create your own work schedule. However, when it comes to applying for a mortgage, self-employment can complicate matters. Unlike salaried employees, self-employed individuals have to prove their income in a different way to ensure mortgage approval.
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How to Find the Right Mortgage Broker and How to Choose the Best Mortgage for you?
At Bob Beach - The Burlington Mortgage Centre, I have been helping clients find the right mortgage for their needs for over twenty-five years. With the housing market constantly changing and mortgage options growing, it can be overwhelming for clients to navigate through the mortgage process. In this blog, I will share my expertise on how to find the right mortgage broker and how to choose the best mortgage for your needs.
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Non-Bank and Private Lending: A Growing Trend in the Mortgage Industry
For many years, traditional banks have been the go-to source for mortgage loans. However, the mortgage industry has undergone a major shift in recent years with the rise of non-bank and private lending. As a result, borrowers now have more options than ever before.
In this blog, I will explore the benefits of non-bank and private lending and why it may be a better option for you.
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Unlock the Secrets Of Refinancing Your Mortgage For Big Savings
Are you tired of paying high-interest rates on your mortgage? Refinancing your mortgage can be a great way to save money on your monthly payments and overall interest paid over the life of the loan.
Bob Beach - The Burlington Mortgage Centre has helped many homeowners unlock the secrets of refinancing their mortgage and is here to share his expertise with you.
Here are some of the key points to consider when refinancing your mortgage:
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Average Home Price Hits a Record $716,828. Is Another Policy Response Coming?
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: April 15, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/04/average-home-price-hits-a-record-716828-is-another-policy-response-coming/
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The First-Time Home Buyer Incentive
Original Article Source Credits: Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/
Article Written By: NA
Original Article Posted on: NA
Link to Original Article: https://www.cmhc-schl.gc.ca/en/nhs/first-time-home-buyer-incentive
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Canada’s Over 30% More Dependent On Real Estate Than The US In 2006, Shows GDP
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Stephen Punwasi
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadas-over-30-more-dependent-on-real-estate-than-the-us-in-2006-shows-gdp/
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Downsizing vs reverse mortgage: which option is right for you?
Original Article Source Credits: Money Sense , https://www.moneysense.ca/
Article Written By: TAMAR SATOV
Original Article Posted on: FEBRUARY 1, 2021
Link to Original Article: https://www.moneysense.ca/spend/real-estate/downsizing-vs-reverse-mortgage-which-option-is-right-for-you/
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Flight To The Burbs: Every Real Estate Market In Ontario Is Outperforming Toronto
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/flight-to-the-burbs-every-real-estate-market-in-ontario-is-outperforming-toronto/
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Q3 Lender Earnings: The Unexpected Recovery
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: November 30, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/11/q3-lender-earnings-the-unexpected-recovery/
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Financial literacy in Canada: 5 things you need to know in 2020
Original Article Source Credits: MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/
Article Written By: 8Twelve Mortgage Corp.
Original Article Posted on: 12 Nov 2020
Link to Original Article: https://www.mortgagebrokernews.ca/news/financial-literacy-in-canada-5-things-you-need-to-know-in-2020-335139.aspx
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Lowest Mortgage Rates in History! Should I Refince?
Todays Mortgage rates for a Refinance or a Renewal are at Record Lows.
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Today's central bank announcement December 9, 2020
At 10 am eastern, the Bank of Canada made what was scheduled to be its 10th and final interest rate decision of 2020, one of the most active years in recent monetary history.
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Filings from Canada’s largest banks showed that the vast majority of borrowers have now resumed regular payments
Filings from Canada’s largest banks showed that the vast majority of borrowers have now resumed regular payments, with just around 69,900 mortgages on payment deferral as of October 31.
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RBC economist outlines how the pandemic is changing Canadas housing market
Original Article Source Credits: Mortgage Broker News , https://www.mortgagebrokernews.ca/
Article Written By: Duffie Osental
Original Article Posted on: 02 Nov 2020
Link to Original Article: https://www.mortgagebrokernews.ca/news/rbc-economist-outlines-how-the-pandemic-is-changing-canadas-housing-market-334754.aspx
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The only thing Canadians are optimistic about right now is the housing market
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Shelly Hagan
Original Article Posted on: Nov 02, 2020
Link to Original Article: https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market
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Canadian Mortgage Debt Passes 80% Of GDP For The First Time
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-mortgage-debt-passes-80-of-gdp-for-the-first-time/
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Up to 20% of Canadian Mortgages at Higher Risk of Defaulting RBC
Original Article Source Credits: Toronto storeys , https://torontostoreys.com/
Article Written By: Ainsley Smith
Original Article Posted on: October 9, 2020
Link to Original Article: https://torontostoreys.com/canadian-mortgages-risk-defaulting-rbc/