Purchase Plus Improvements

Looking to purchase a home that needs a bit of work? A purchase plus improvements mortgage is a great way to complete smaller renovations up to $40,000. How the program works: The costs of your improvements are factored in at the time of home purchase. You must use your own funds first to complete the work, … Read more…

Marathon Mortgage Corporation

Marathon Mortgage Corporation Marathon Mortgage Corporation is a new mortgage & investor service provider that is committed to providing competitive mortgage rates and exceptional service in the Canadian mortgage market. Marathon Mortgage Corporation specializes in discounted 3 & 5 year fixed conventional rates, the 5 year high ratio fixed rate, and 5 year closed variable … Read more…

Commercial Financing

Commercial Financing Do you have a Commercial project that requires financing? Here are a few basic guidelines that you need to know… Examples of Property Types: Multi-family Residential units Retail Industrial Office Mixed Use Healthcare Apartment Buildings Office Buildings Single Purpose Shopping Malls Construction Loan Amounts & Terms: Usually commercial lenders have a minimum loan … Read more…

B2B Bank – Laurentian Bank

B2B Bank – Laurentian Bank is the 7th largest bank in Canada. B2B Bank is a balance sheet lender. What is a balance sheet loan? A loan that a lender will retain on its books instead of selling it off to another financial institution or to individual investors at a discount. They have a full … Read more…

Rental Property Financing

The guidelines surrounding rental property financing have changed over the last few years. There are a few variables that play a role in determining which lender is the right fit for you. How Many Properties You Already Own Many banks now, will not support an application for financing if multiple income properties are already owned, … Read more…

Property Taxes

Whether you are buying real estate that is your primary residence, 2nd home, land, commercial space, or rental property, it is important that you have a good understanding of when your property taxes are due, and how they are paid. Property taxes are set annually by the City, District, or Village you live in, and … Read more…

Credit Score

What is a credit score and why is it important? Lenders use your credit score (also called a Beacon Score), as an important tool in assessing your ability to repay debt. What does your credit score tell the lender? Your credit report provides a summary of information about you; how long your credit accounts have … Read more…

RRSP Mortgage

An RRSP Mortgage? Why not pay yourself the interest instead of the bank? Under certain circumstances, this could be the right fit for you. The mortgage you set up will fall under one of two categories, either “Personal (Non-arm’s Length)” or “Arm’s Length.” If you need to use the money for your own use, ie a … Read more…

Merix Financial

MERIX Financial operates 3 distinct industry-leading brands:  MERIX, Lendwise, and NPX. Since founding in 2005, MERIX Financial has funded over $20 billion in mortgage financing, to over 75,000 Canadians from coast-to-coast. NPX, scheduled to launch sometime this Spring, is an exciting multi-solution approach to financing for clients that need flexibility with qualifying guidelines. This includes: … Read more…

Home Insurance

Home Insurance…what you need to know… Thank you to Tami Stachoski from Squamish Insurance for providing this great information. Obtaining home insurance in the past used to be an easy process…you walked in, gave the property address, told the insurance company how much insurance you needed, and away you went. Things are little more complicated now… … Read more…