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It truly is becoming a buyer's market. Housing prices have begun to drop with the downturn in the economy and fewer and fewer people are looking to make the change in properties; upsizing may be a thing of the past. People are looking for smaller and more affordable homes, especially as market a...
01/29/2009
The Real Estate market in Ottawa and all across the country has moved from a heavily favoured Seller's market to a Buyer's market. More and more homes are becoming available for sale so how do you separate yourself from the rest and make your sale first? Experts are suggesting that you update you...
01/29/2009
Earlier this month GMAC had looked as though they were preparing to move out of the Mortgage business all together. In the U.S GMAC LLC lost $1.91 billion in their third quarter from their Mortgage owned company, ResCap. In Canada, they recently put feelers out to sell off their mortgage brokerag...
01/29/2009
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Have you recently been searching for your new Home or Investment Property and your Realtor® has asked if you have been Pre-Approved? You: YES, for $300,000. 3 weeks ago you stopped by your bank and were Pre-Qualified for $300,000 REALTOR®: Great let's find you a house A month later, you find your...
01/29/2009
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Second to the mortgage interest rate, the pre-payment privileges are often the most important factor when determining which mortgage product is best for you. However, very few people ever take advantage of this great feature. Taking advantage of the pre-payment privileges allow you to pay a certa...
01/29/2009
For the last several years Mortgage Life Insurance has drastically evolved and has out grown its name. Many banks and insurance companies are now referring to this product as Asset Protection. However, what is it they are protecting? In the past Mortgage Life Insurance, did just what it says, "Li...
01/29/2009
There are many strategies that successful Real Estate Investors implement on a daily basis to make anywhere from thousands to millions of dollars per transaction. They always look for the best deal and can often make offers on hundreds of properties before they find the deal that works for them. ...
01/29/2009
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Who makes up your Power Team? We suggest selecting a Mortgage Agent, Realtor® , Home Inspector, Real Estate Lawyer and Insurance Broker. Surrounding yourself with a Power Team is important whether you are purchasing your first home or buying your 10th investment property. They can easily manage t...
01/28/2009
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Working in the restaurant industry or the hospitality industry as a whole often as its challenges when you are applying for any type of financing, let alone a mortgage. Getting approved for a mortgage can be difficult with being able to prove your ‘tip’ income. In some cases this can make up more...
01/28/2009
If you are self-employed or receive 100% commission, getting a mortgage can be challenging. If you have gone into your bank, and have not been in business for 3 years, there is a good chance that your bank has turned you away. Discouraged and frustrated perhaps your search ended there, but wait, ...
01/28/2009
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