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Posted by: Todd Hunter
In light of a recent uptick in reverse mortgage applications, be it; gifting funds to family to purchase real estate, eliminate mortgage payment, consolidate debt, create tax efficient capital or creating liquidity from equity, we compiled the Top 8 Questions About Reverse Mortgages. 1. If I have an existing mortgage on the property, can I […]
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At some point most residential real estate investors will both run out of their own cash and hit the mortgage financing wall with the current lender. Most traditional lenders, such as banks, have rules about how many mortgages one client can hold in their name. Eventually, real estate investors have to explore more creative financing […]
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Are you a real estate investor having difficulty scaling your portfolio through traditional financing? Time to consider financing from a private mortgage lender. There are two types of private lenders. – Institutional private lenders such as mortgage investment corporations. These entities are like banks in that they are federally regulated. Mortgage investment corporations raise capital […]
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Generally, it is more tax efficient and less expensive to own your primary residence, secondary and rental properties personally as opposed to purchasing and holding them in a corporation. One advantage of owning Canadian real estate is the ability to claim unlimited principal residence exception on property value appreciation. You cannot claim principal residence exemption […]
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Interest rates have been rising and that is likely to continue for the remainder of the year. Homeowners whose mortgages are variable rate products with fixed payments need to be familiar with the Trigger Rate of their mortgage. As interest rates increase and mortgage payments don’t change, there will be a point where the principal […]
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What is it? Simply stated, the interest rate differential (IRD) is the difference between the current interest rate on your mortgage and the new interest rate being locked into. Why is it important? Looking at refinancing your mortgage? The IRD comes into play when refinancing a mortgage. Lenders use it to calculate the penalty for […]
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When do you need Bridge Financing? Most people need to use the equity from their existing home for the down payment on their newly purchased home. Bridge financing is a short-term loan that allows the borrower to access the equity in their existing property before the sale closes (and the money is in the bank) […]
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Reverse mortgages are becoming increasingly popular with High Net Worth (HNW) individuals as part of their overall financial plans for retirement and passing along wealth to the next generation. Here are three reasons why clients are using reverse mortgages: 1) Retirement Income Borrowing from your home’s equity to invest and create additional income in retirement […]
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