Table of Contents How to Choose the Best Tenant for Your Rental Property Set Your Search Criteria Before you start looking for tenants, define your ideal tenant profile. Consider factors such as: Stability: Look for tenants with a stable job history and a track record of staying in one place. Financial Responsibility: Assess their ability to pay rent consistently. References: Request references from previous...
Continue reading
Table of Contents Side Hustles Listed Let’s dive into some lucrative side hustle ideas for 2024. Whether you’re looking to earn extra cash or explore potential business opportunities, these options can help you achieve your financial goals. Keep in mind that the income potential may vary based on your location, skills, and effort. Here are 11 side hustles that can help you...
Continue reading
Table of Contents What is the First Home Savings Account (FHSA)? The First Home Savings Account (FHSA) is a registered plan designed to assist first-time homebuyers in Canada. Here are the key points: Purpose: The FHSA allows you to save for your first home tax-free, up to certain limits. Eligibility: To open an FHSA, you must be a first-time homebuyer. Contributions: You...
Continue reading
Table of Contents Navigating the Mortgage Maze A Comprehensive Guide to TD Bank’s Home Loan Options Welcome to the world of home financing, where the journey to your dream home begins with choosing the right mortgage. TD Bank, a stalwart in the financial landscape, offers a plethora of mortgage options designed to cater to a diverse clientele. Whether you’re a first-time...
Continue reading
Table of Contents Draw & Construction Mortgage Guide What is a draw mortgage? A draw mortgage, also known as a construction mortgage is a mortgage type used to finance the construction of a property. It allows for a home builder to draw on funds as needed to complete the build. Normally in a draw mortgage, a builder will need to submit...
Continue reading
Table of Contents What is Bridge loan financing? Who Needs a bridge loan? What is bridge financing? A bridge loan is a sum of money lent by a bank to cover an interval between two transactions. Typically the buying of one house when selling another. In simple terms Bridge loans are used when you have a firm sale on a current...
Continue reading
Table of Contents How to get a lower mortgage interest rate? Step 1 Contact a high volume mortgage broker, not a bank. Reason for contacting a broker is that we pull your credit only once and then shop around for rates for you. The high volume mortgage brokers get discount from the banks on rates. I am a high volume...
Continue reading
Table of Contents Mortgage Types and Terms You Need To Know What Kind Of Mortgage Should I Get? Most Common Types Of Mortgages Fixed Rates For Buyers that want security or want to lock into an extremely low rate. Normally people lock into a 5 year fixed term as the banks are most competitive in the 5 year term. This is...
Continue reading
Table of Contents 5 C’s of Credit: How to Become Credit Worthy? What are the 5 c’s of credit? Character Capacity Capital Collateral Conditions What do they mean, and what are potential lenders looking for? Character: The reputation of the Buyer or Borrower. We can check your reputation by pulling your credit bureau such as Equifax or transition....
Continue reading
Table of Contents How To Get A Mortgage? Step By Step Instructions On Real Estate Financing Step 1. Contact your mortgage broker or me! 780-278-4847 We will have an initial conversation about your mortgage goals and I will get an understanding of what you require. Step 2. I will text or email you a mortgage application to fill out Please ensure...
Continue reading