Mortgages in Canada
How to Qualify for Millions Worth of Mortgages in Canada
Mortgage Questions to Consider:
For a variable rate mortgage in 99% of the cases, 3 months interest. For a fixed rate mortgage in 50% of the cases, 3 months interest. For the other 50% of fixed rate mortgages, on avergage 4% to 6% of mortgage balance amount.
What's the easiest type of property that banks will provide maximum funding for?
Commerical properties that support themselves.
Can I pay interest only?
Line of credits, re-advanceable mortgages and letters of credits are the three ways to pay interest only.
What's the difference between a 4% Cap Rate and a 6% Cap Rate?
A 4% cap rate property would be 50% more expensive than a 6% cap rate property.
What is a Corporate GSA and how does it affect funding?
A general security agreement (GSA) is the most common form of personal property security used to secure commercial loans and other business obligations owed to a financial institution or other creditor (Secured Party). A GSA is an effective and efficient way to obtain security over business assets to secure commercial obligations.
SHOULD I PURCHASE MY NEXT PROPERTY IN MY PERSONAL NAME OR IN A HOLDING COMPANY?
Can I get a Re-advanceable Mortgage?
HOW MUCH BORROWING POWER DOES MY OPERATING COMPANY HAVE?
WHAT TYPES OF PROPERTIES DO BANKS LOVE LENDING ON?
SHOULD I BE BUYING RESIDENTIAL PROPERTIES OR COMMERICAL PROPERTIES?
I find the paper edition to be less tedious than an online application. Fill out 1 property page for each property you own. Feel free to print and send.
Fax back to 604 648 9701 or email/scan to firstname.lastname@example.org
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