A couple of weeks ago the Office of the Superintendent of Financial Institutions (OSFI) announced its complete B-21 guidelines for underwriting insured mortgages (less than 20% down payment/equity). The industry has until June 30/15 to implement the new guidelines.… Continue reading
I recently did a mortgage for a client who had good credit but limited income. He had gone to his bank to refinance his home but was declined because his debt servicing ratios were higher than the bank’s… Continue reading
Are you finding that you are drowning in monthly payments to your creditors, with no hope in sight? If the only option to you seems like bankruptcy or filing a consumer proposal, you may have another choice. I… Continue reading
Are you looking for financing for projects in the US? I have access to funds for the following projects:
Contact me today at 1.877.336.3545 for more information.
Are you in need of a spring financial tune-up from the holiday bills that still aren’t paid off? I can help you to kick start your spring with a plan to minimize your monthly expenses and your interest… Continue reading
Capital is the foundation of every business. The business owner needs to have enough funds to run his business smoothly. And, as we know, business does not always mean earning profits – you may have losses as well. In a… Continue reading
One main reason for getting a commercial equity mortgage loan is to obtain a line of credit. A line of credit is an amount of money made available for you to borrow from whenever you wish.
When you get a… Continue reading
Whether to work with a broker or a direct lender
Private hard money lenders are in the business of providing loans and loan services to people who require hard money loans (loans collateralized by real estate.) Private hard money lenders… Continue reading
While credit profile is an important consideration in the lending decision it is not the only one. A bad credit commercial mortgage or loan is available to individuals and businesses with less than perfect, or poor credit rating. These… Continue reading
A commercial second mortgage is an important commercial real estate tool.
Commercial second mortgages are often used in conjunction with a new first commercial mortgage loan. Typically the commercial second mortgage will have a term of one to… Continue reading