Oct 14, 2009...Bad credit Canadian mortgage...

I want to give you an example of a deal that we can do.  Client has had poor credit, including a consumer proposal completed last year, and no re-established credit.  Client has steady employment and has been in the same house for 13 years.  He wishes to refinance his current 1st and 2nd Canada mortgage into a new 1st mortgage at 85% of his property value.  We can offer a 1st mortgage rate of between 7-8% and save him $100's in monthly mortgage payments.  Let us help you as well.

 

Oct 12, 2009...Regina home mortgage...

One of the benefits of working with us is that we have private lenders all across the country.  So if you want a Halifax home loan, or a Toronto home improvement loan, or a Calgary debt consolidation loan, we have lenders for you.  But what if you don't live in a major city.  No problem.  We service all cities, towns and villages.  But what if you have raw land or a large farm acreage.  No problem, we can look after you as well.  We look forward to speaking with you and looking after your financing needs.

 

Oct 8, 2009...Edmonton commercial mortgage...

Home n Work Mortgages is more than just a residential mortgage brokering service.  They also provide Canadian commercial mortgage services for those clients that have difficulty in securing a loan from conventional sources.  And as well, HNWM has the exclusive rights to Smart Equity.  Smart Equity is a program that can show you how to pay off your current Canada mortgage and other debt (such as Visa, MasterCard, Car loan, etc) in a fraction of the normal time.  For example, without increasing the size of your normal monthly mortgage payment, you can pay off your 25 year mortgage in half the time.  As us about Smart Equity.

 

Oct 7, 2009...Vancouver mortgage tips...

If you are trying to purchase a property, and you either don't have enough for a downpayment, or because of your credit, the lender wants you to put down a large downpayment, don't worry.  What you need to do is find a property where the seller doesn't need all of his money at once.  Perhaps the seller will take back a second mortgage in lieu of cash.  So, for example, let's say a property costs 200K, and you can qualify for a 150K Canadian first mortgage.  Perhaps the seller will give back a 50K second mortgage.  So the net effect is that the seller gets 150K cash, and will receive monthly payments from you on the 50K second mortgage.  And of course, you end up owning the property with no down payment.

 

Oct 6, 2009...British Columbia equity loan...

Our private lenders can help you purchase the British Columbia home that you wish.  If your credit is poor, or have just recently been discharged from a bankruptcy, we have private lenders who can lend up to 70% of the purchase price.  Or if you just wish to purchase land, we can lend up to 50% of the appraised value of the land.  Or if you need a Vancouver equity loan, we can find lenders for that as well.  Let us know.
 

Oct 4, 2009...Alberta private mortgage...

If your Alberta credit score is low, we still have lenders that can give you a mortgage.  As long as you have an income, and are changing your poor credit habits, you may qualify for a mortgage up to 69% of your property equity.  And that applies to to either a purchase or a Calgary home equity loan.  Please contact us to see how we can help you.

 

Sep 30, 2009...Credit score and your Manitoba mortgage...

The amount of downpayment you will need and the interest rate you will pay on your Winnipeg mortgage are directly linked to your credit score.  Equifax, the Canadian credit rating company, scores Canadian individuals from 300 - 900, with 900 being the highest.  90% of Canadians score over 600.  If you have a score of 680 or higher, have 5% down, and can income qualify, you should not have any problems qualifying for a mortgage (though it is not 100% guaranteed).  So make sure that when you are getting ready to purchase a house in Manitoba, that you make sure that you pay your bills on time and keep your score high.

 

Sep 27, 2009...Alberta home equity loan with bankruptcy...

If you have had a bankruptcy in your past, don't despair.  With conventional lenders, most will want you to have been discharged for at least a year and have at least one year of re-established new credit.  If you use one of our private lenders, most will be able to qualify you if you have been discharged yesterday (as long as you income qualify and the lender likes your current credit).

 

Sep 25, 2009...Ontario house purchases just got cheaper...

This week marks the onset of another mortgage rate reduction.  The cost of a 5 year mortgage is just 3.99%, down from 4.09% last week.  And if you shop around, with the aid of a good British Columbia mortgage broker, you might be able to find a lender with a 3.89% rate.  So with the price of houses and properties being very affordable, and the cost of money being very low, now is a great time to purchase an Alberta property.

 

Sep 17, 2009...Alberta variable rate mortgage

Just want to give you a heads up on what's happening in the Canadian mortgage rate world.  The current prime rate is 2.25%, and most lenders are offering a Canada variable rate mortgage at prime plus 30 points, which beings it to 2.55%.  And these rates are expected to stay at this level until next spring.  And you never now, by next year, the actual variable rate might drop below prime, as it has in the past.

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