Archive for category: Mortgage agents

When is a Mortgage Commitment not a commitment?

When is a Mortgage Commitment not a commitment?

In the last ten years we have bought a lot of real estate, which means that we have dealt with multiple lenders. We’ve learned all sorts of lessons about pretty much every aspect of real estate investing but the one thing we figured we had down pat was the process […]

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5 Key Factors investors want to consider before doing a Rent to Own deal

5 Key Factors investors want to consider before doing a Rent to Own deal

The news in Ottawa about Rent to Own is all bad these days. Every media outlet is laying out the details of the pounding that investors are taking in the fiasco with Golden Oaks. Commentary ranges from bad to awful. So what’s going on here? Are all Rent to Own […]

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The deal with mortgage insurance

The deal with mortgage insurance

When you apply for a mortgage and obtain a commitment, you will be asked to sign a lot of documents. Among them is usually an offer for mortgage insurance. If the lender doesn’t ask about it, the mortgage agent will. It seems perfectly sensible in theory, but does it make […]

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Chasing the lowest mortgage rate: A good idea or not?

Chasing the lowest mortgage rate: A good idea or not?

In our Rent to Own business we work with a lot of Mortgage Agents and lenders in the Ottawa area to help families with credit challenges get into their own home. In the last year or so we have been hearing that Mortgage Agents are facing a number of challenges […]

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