2023 was a bad year for mortgage renewals. 2024 and 2025 will be worse.If you experienced a mortgage renewal from a 5-year fixed rate mortgage in 2023 you would have experienced about a 20% monthly increase in payments. This may have resulted in some pain; a...
It’s crucial to be mindful of your finances and find ways to save money. Here are 12 tips to help you save during these challenging times: 1. Create a budget: Develop a comprehensive budget that outlines your income and expenses. This will help you understand...
There are many great reasons to work with a mortgage broker when you are buying or refinancing a home. Your mortgage is likely to be your biggest financial decision you will ever make, so it is crucial to understand just how valuable your mortgage broker is. Here are...
Regardless of your position on the war in Ukraine, beyond the appalling human destruction and suffering that has occurred, the Ukraine war was lost before it began for all concerned. Regardless of the military outcome, a change has occurred in the world order that...
Private lending is a great tool to maximize real estate returns. Typically you can only finance up to 80% LTV (loan to value) on a rental property with traditional lenders. By adding additional mortgage debt through the use of a second mortgage, it is possible to...
Real estate investors involved in house flipping projects often secure private lending. Perhaps they lack the renovation funds needed to complete the project. Perhaps they enjoy the ease of the private funding process. Private lenders use a “common sense” approach to...
Recent Comments