Mortgage

How Asset Based Loans Help Florida Real Estate Investors? Debt Guru

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How Asset Based Loans Help Florida Real Estate Investors? Debt Guru

Asset-based loans (ABLs) offer multiple benefits to Florida real estate investors, especially those facing challenges with traditional financing. CambridgeHomeLoan specializes in asset-based lending, providing fast and flexible financing options essential in Florida’s competitive real estate market. Here is an overview of the benefits: 1. Fast Closing for Competitive Advantage Advantage: Traditional loans can take weeks … Read more

First National says recent mortgage rule changes could benefit its margins Debt Guru

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First National says recent mortgage rule changes could benefit its margins Debt Guru

First National Financial says recent government mortgage policy changes, including extending amortizations to 30 years and a higher cap on insured mortgages, could provide a slight boost to its margins. During the company’s third-quarter earnings conference call, President and CEO Jason Ellis explained how the changes could expand First National’s pool of eligible borrowers and … Read more

5 Things to Consider When Applying for a Non-QM Loan in Florida? Debt Guru

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5 Things to Consider When Applying for a Non-QM Loan in Florida? Debt Guru

When applying for a Non-Qualified Mortgage (QM) loan in Florida, it is essential to understand how these loans differ from traditional mortgage loans. Non-QM loans provide flexibility to borrowers who do not meet conventional underwriting standards, such as the self-employed, real estate investors, or those with special financial circumstances. Here are five important factors to … Read more

Fewer young Canadians own a home, but majority plan to buy within five years, survey finds Debt Guru

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Fewer young Canadians own a home, but majority plan to buy within five years, survey finds Debt Guru

The 2024 Scotiabank Housing Survey indicates that the number of Canadians aged 18 to 34 who own a home has decreased to 26% today, compared to 47% in 2021. Around 29% of people in this age group now live with their parents or family, compared to around a fifth of those surveyed three years ago. … Read more

Key Considerations When Applying for a Non-QM Loan in Maryland Debt Guru

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Key Considerations When Applying for a Non-QM Loan in Maryland Debt Guru

Non-Qualified Mortgage (QM) loans have become an essential financing option for many people in Maryland who do not meet traditional mortgage standards. These loans are especially valuable to the self-employed, real estate investors, and anyone with a non-traditional financial situation. Here are five important factors to keep in mind if you’re considering a no-QM loan … Read more

Nova Scotia election: NDP promises to end fixed-term leases and impose rent controls Debt Guru

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Nova Scotia election: NDP promises to end fixed-term leases and impose rent controls Debt Guru

By Keith Doucette An NDP government would ban fixed-term leases, establish rent controls and immediately cut the province’s temporary rent cap in half to 2.5 per cent, said Leader Claudia Chender on the fifth day of the provincial election campaign. “For too many people, the cost of rent pushes them out of the communities they … Read more

What you need to know before helping your child with a down payment Debt Guru

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What you need to know before helping your child with a down payment Debt Guru

By Craig Wong That’s why a growing number of parents are looking to help by making a cash donation. Natalie Gill, senior financial planner at Royal Bank, says she’s always seen parents and grandparents help in different ways. “But it’s just that I feel like now people want to help more and they’re more aware … Read more

Ontario lowers forecast for number of new homes to be built Debt Guru

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Ontario lowers forecast for number of new homes to be built Debt Guru

By Allison Jones Premier Doug Ford has pledged to build 1.5 million homes over 10 years by 2031, but Ontario has yet to meet any of its annual targets to reach that goal, even though it is came close last year after it began counting long-term care beds. This year’s annual target is 125,000 homes, … Read more

Latest StatCan wealth survey shows stark disparity between homeowners and renters Debt Guru

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Latest StatCan wealth survey shows stark disparity between homeowners and renters Debt Guru

The survey, conducted every few years, shows that homeowner families whose main income earner was aged 55 to 64 and who received an employer pension had a median net worth of 1.4 million dollars in 2023. Renters without a retirement plan at that age group had a median net worth of $11,900. Homeownership was the … Read more

Pros and Cons of New Federal Secondary Apartment Programs Debt Guru

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Pros and Cons of New Federal Secondary Apartment Programs Debt Guru

Earlier this month, the federal government unveiled the Secondary Dwelling Refinancing Program, scheduled to launch on January 15, 2025, which will allow homeowners to refinance up to 90% of the value of their property (capped at $2 million) to add up to four rental units. such as basement apartments, in-law suites or laneway homes. Short-term … Read more