Blogs about: Mortgage Types
Featured Blog
Understanding different mortgage types
posted by Moishe Alexander at Canadian funding corp. The mortgage market is a bit of a maze Mortgages should be straightforward – you borrow money to buy a house and pay interest on the loan. Bu… more →
Moishe Alexander's Blog
Fixed or Variable Rate Mortgages - The Unending Debate
merc359 wrote 2 weeks ago: I get calls and questions on this topic almost every week. Given the changing market, it’s tim … more →
No Money Down Mortgage / Zero Down Mortgage
merc359 wrote 2 months ago: Most of the public is unaware that no down payment or zero down mortgages still exist. On October 15 … more →
Private Lenders - What Are they and What do they lend on?
merc359 wrote 4 months ago: Whenever someone wants a loan the bank won’t do, they call me and ask, “but don’t … more →
Understanding different mortgage types
moishealexander wrote 5 months ago: posted by Moishe Alexander at Canadian funding corp. The mortgage market is a bit of a maze Mortgage … more →
Open Mortgage versus Closed Mortgage - What is Each?
merc359 wrote 5 months ago: I have been taking a pile of calls from existing clients wanting an “open mortgage,” but … more →
Fixed or Variable? My Argument AGAINST Variable Rates!
merc359 wrote 6 months ago: Not a day goes by that I don’t get an inquiry from an applicant asking me: “What is best? Fixe … more →
Mortgage Insurer Changes Rules. The Winds of Change are Blowing Hard!
merc359 wrote 7 months ago: There are presently 3 mortgage insurers in Canada: CMHC (Canada Mortgage and Housing Corporation), G … more →
Vendor Takeback Mortgages - Are They All They Are Cracked Up To Be?
merc359 wrote 8 months ago: I take inquiries and questions from clients about Vendor Takeback Mortgages on a weekly basis. The p … more →
Portable Mortgages: What are they? How do they work?
merc359 wrote 9 months ago: Portable Mortgages. Along with Assumable Mortgages, present a lot of confusion as to where they appl … more →
Assumable Mortgages: What are they? How do they work?
merc359 wrote 9 months ago: In this time of historically low interest rates, with prime rate constantly descending, many clients … more →
Commercial or Residential? How to Tell How a Property is Classified and Financed
merc359 wrote 9 months ago: Not a week goes by that someone doesn’t call me and want to finance a large house that has a l … more →
MYTHBUSTING: “… But the Property Has 3 Suites in the Basement and Will Totally Cover a Mortgage!”
merc359 wrote 10 months ago: I took three calls today from clients looking to finance the purchase of a property that had a main … more →
Should You Take a Longer Amortization? 25 Year verus 35 Year
merc359 wrote 10 months ago: Very frequently, in the Vancouver market, people ask me if they should really be taking a 35 year mo … more →
UPDATED: What is Semi-Annual Compounding on a Mortgage...
merc359 wrote 11 months ago: In a prior article, I explained that mortgages in Canada will have their rates quoted on a SEMI-ANNU … more →
How Much Does Rental Income REALLY Help When Buying a Home?
merc359 wrote 11 months ago: “Mortgage Helpers,” “In-Law Suites,” “Rental Suites,” “Una … more →
Cashbacks and Incentives can Have a Hidden Cost
merc359 wrote 1 year ago: In the current real estate market, with developers of new homes hoping to sell their inventory (or b … more →
Private Mortgages - When to Use them and Why - Part 2
merc359 wrote 1 year ago: In the previous post I described why private mortgages cost more, why you would use them, and why th … more →
Private Mortgages - When to Use them and Why - PART 1
merc359 wrote 1 year ago: “Twelve Percent!” the client screamed into the phone, “that is highway robbery! … more →
Buying Foreclosures, Pre-Foreclosures, and Court Ordered Sales
merc359 wrote 1 year ago: There is a lot of talk amongs real estate “investors” and specialists saying that the ke … more →
