May 10, 2012...BC mortgage

When you are getting your house refinanced for an equity loan or a Canada debt consolidation loan, the lender will always ask for an appraisal.  And appraisal is done by a certified professional who evaluates your house and compares it to 3 other similar properties that have sold within the last 3-6 months.  This process determines your property's fair market value.  And almost 100% of the time, you will be responsible for the cost of the appraisal.  The usual cost for a residential appraisal is between $300-$400.

Apr 30, 2012...Canadian mortgage

We can help folks that have poor credit.  And if you do have damaged credit, you are not alone.  Approximately 10% of Canadians have a credit score of less that 600.  Most most banks do not wish to lend to borrowers with a score of less than 680, though they may make a concession down to 640.  We have a number of lenders in every province, ranging from "B" lenders to private investors, who can help when your credit is damaged.

Feb 29, 2012...Alberta home loan

Many Canadian lenders have minimum amounts that they will lend.  For example, some "A" lenders will not lend under 100K, or 75K or 50K.  Some will not go to a location that has under 25000 people.  Some will not go to cities where the economy is slumping.  We, on the other hand, will lend in every city, town or village as long as we like the property and the borrower.  And we will lend as little as 15K.  So if you are in need of a Alberta equity loan or an Edmonton purchase loan, please let us know by filling in the application above.  Thanks.

Feb 9, 2012...British Columbia 1st mortgage

If you are purchasing a house, do you know what the difference is between "asking price" and "appraised value"?  This is an important distinction.  Just because someone is asking $200,000 for their house, doesn't mean that it is worth $200,000.  A certified real estate appraiser is the only person who is trusted to determine the exact market value.  So before you leap into that purchase, you may wish to ensure that the house is "worth" what the seller is "asking".  The amount you pay for the house should be less or equal to the appraised value.  Then you know you are getting a good deal.

Feb 8, 2012...Alberta loan

Let's say that you have a choice to make this tax season.  If you have the choice of putting $12,000 in an RRSP or paying down your Visa for $12,000, what is the best option financially.  Well, there should be no doubt.  Paying down, or paying off your Visa will give you a much better return.  Assuming that you pay 3% per month on the outstanding balance, you would be paying 360/mo, or about 4000/yr.  And that's if you just pay the interest.  You would still have the principal of 12000 yet to pay.  By paying down your Canadian Visa, you would not only eliminate your debt, but also save a payment of 360/mo.  You could use that money to put towards an RRSP.

Feb 7, 2012...Ontario debt consolidation mortgage

Have you got a few bills that are nagging at you, but you never have cash to pay them off.  Here's a smart way of looking at things.  You always wish to either 1) pay off your debt, or at the minimum 2) replace expensive debt with cheaper debt.  What do I mean?  Let's use an example.  If your Visa charges you 3% per month on the outstanding balance, that is the same as 36%/year.  If you can borrow money, at let's say, 8%, doesn't it make sense to pay off the expensive money with cheaper money.  Contact us to find out more.

Feb 6, 2012...Canadian home and business insurance

Always ensure that your Canada home insurance is paid and up to date.  I just spoke with a client, where we were planning a major expansion of their business.  We were going to add cabins and a convenience store to their restaurant and bar.  Sadly, her business burned to the ground in an overnight fire.  She lost everything, including irreplaceable personal treasures.  The good thing is that she had full insurance and will be paid for the replacement value of the buildings.  So even though there is sadness in her loss, she will be able to move forward.

Feb 1, 2012...Canadian home loan

Well it's February. Have you caught up with your bills from 2011, especially the Christmas season.  Remember, there is money in the walls of your house if you need it.  (And you thought there was just insulation behind that drywall).  I'm talking about the equity in your house.  Equity is defined as the difference between what your house is worth and what you owe on it ie your mortgage.  If there is enough difference, you could be eligible for a Canadian home equity loan.  If you want to check it out, please fill in my form above.  Thanks

Jan 30, 2012...BC home loan

We can provide Canada home loans to you in almost all situations.  But it is important for you to be aware of your Canadian credit score and credit bureau report.  Many times clients are not aware of what is on their report and are often "stunned" to find out that a creditor has put them into collection.  Or perhaps the client has paid off a collection, but the creditor has not reported the payment to Equifax, and therefore it was never removed from the report.  Unpaid collections are like "boat anchors" which do not allow your credit to rise or improve, no matter how many positive things you are doing to make positive changes.  Contact to find out we can help you.