Archive for category: Mortgages

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 […]

Read more

 

Rent to Own: 5 Key Questions to ask before you do a deal

Rent to Own: 5 Key Questions to ask before you do a deal

For the past few days the news in Ottawa has been filled with the heart-breaking story of a family that lost $10,000 and was forced to move out in a Rent to Own deal gone terribly wrong. The company behind the deal is allegedly being sued for more than $2.25 […]

Read more

 

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 […]

Read more

 

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 […]

Read more