by bsmith | Jun 24, 2012 | Mortgages, Rant, Real Estate
Thursday morning the Government of Canada’s announcement, regarding changes to Government Backed Insured Mortgages, effective July 9th 2012. Amortization Period is REDUCED to 25 years for high ratio applications. Banks can continue to offer 30 year amortization on...
by bsmith | Aug 22, 2011 | Investments, Real Estate
I am a big proponent of “Rent To Own” real estate transactions. If properly structured it results in a win/win/win arrangement for the home owner, investor and the realtor. Unfortunately there are a lot of misconceptions surrounding the process and not many...
by bsmith | Jun 17, 2011 | Casb Management Group Inc., Mortgages, Real Estate
In real estate there is an old adage “When is the best time to purchase real estate?” The answer” It is always the best time to buy real estate” Our question to you is this “When is the best time to refinance my mortgage?” The answer “As soon as you finish reading...
by bsmith | Jan 26, 2011 | Mortgages, Real Estate
In my line of work I have the opportunity to observe many real estate transactions and have found what I feel are the top 5 purchasing mistakes made by both novice and experienced home buyers. Please enjoy our final instalment of this series: 5. Finding the best...
by bsmith | Jan 17, 2011 | Mortgages, Rant, Real Estate
Finance Minister Jim Flaherty has announced new mortgage regulations aimed at reducing Canadians’ household debt. Flaherty has unveiled three new rules: Mortgage amortization periods will be reduced to 30 years from 35 years. The maximum amount Canadians can...
by bsmith | Jan 10, 2011 | Mortgages, Real Estate
Financing former grow–op properties can be a challenge for lenders in spite of sufficient remediation of the property, the removal of mould, repair to the electrical system, etc. The issue beyond any potential physical problems with the property are concerns over the...
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