What is a Sub-Prime Mortgage in Canada?

There are three types of major mortgage lenders in Canada, which include traditional (chartered banks and mortgage houses), sub-prime (B-Lenders), and private lenders. A traditional mortgage source basically focuses on clients who possess good credit and jobs and are buying real estate under the traditional guidelines. However, not everybody qualifies for a mortgage under the traditional…Continue Reading

Using Hard Money Loans When Investing In Real Estate

Hard money (private) loans for real estate investment often result in quicker portfolios and greater wealth for investors. Investments can often provide a consistent flow of cash and long-term wealth for your family and yourself. Hard money is generally borrowed by an investor who’s looking to buy a renovated property and traditional mortgage lenders typically…Continue Reading
What does it Mean to Remortgage and How Does It Work?

What does it Mean to Remortgage and How Does It Work?

Many Canadians remortgage their home as a way to reduce their monthly payments, pay off their debts or to reduce the interest rate and term of their current mortgage. Basically, remortgaging your property means breaking your old contract and putting in place a new one, often by switching the mortgage from the current lender to…Continue Reading
Why It May Be a Good Time to Refinance Your Mortgage

Why It May Be a Good Time to Refinance Your Mortgage

Even though your current mortgage guarantees the interest rate won’t change, many Canadian homeowners can receive a lower rate when refinancing their mortgage. This could be quite beneficial to you even if there are certain financial penalties incurred. Receiving a lower interest rate over the term of the mortgage could result in considerable savings over…Continue Reading

What is a Collateral Mortgage?

A collateral mortgage is basically a loan, or more than one loan, which is secured when the borrower uses their home or property as collateral. This gives the lender added security since he or she can take over the property if the borrower happens to default on the loan. Before agreeing to a collateral mortgage,…Continue Reading
Private Lenders For Business Loans

Private Lenders For Business Loans

Looking for a business loan but can’t get one from the bank?  Maybe finding a private lending can help. There are thousands of fantastic business ideas floating around Canada each and every year, but many of them don’t come to fruition simply because people may have a hard time acquiring a loan. Most businesses need…Continue Reading
7 Reasons Your Mortgage Application Might Get Rejected

7 Reasons Your Mortgage Application Might Get Rejected

Not everybody has their mortgage application granted as thousands of Canadians dejectedly find out each year. An approval doesn’t always come easily or quickly and there is usually a good reason or reasons why. When it comes to traditional mortgage lenders such as banks, the decision to accept or deny a request for a mortgage…Continue Reading
A Guide To Reverse Mortgages in Canada

A Guide To Reverse Mortgages in Canada

After years of taking care of monthly mortgage payments, most Canadians find the majority of their net worth is more or less locked away as equity in their homes. If they do find themselves needing money, it can often be an arduous and complicated task. However, the reverse mortgage may offer a solution to that…Continue Reading

Just finalized my mortgage with @MortgMeister. Took exactly one day, now off to the cottage! #HighFive

Definitely not the same experience I had with the bank, thanks @MortgMeister #ThatWasEasy

Just got my quote from @MortgMeister, my wife gave me a high five when she saw it. Thanks Jeff!

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