How Do Self Employed Individuals Apply for a Mortgage in Canada?

If any of the Above Questions Answers you a Yes, the Read ahead, you may need it. Self Employed? Seeking a Mortgage? Earn Seasonal Incomes? Can’t give a Fixed Income Fore Caste? Your Income May become an Two Edged Sword Generally one’s borrowing capacity is based on his/her forecasted income, which in case of self-employed…

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How Mortgage Pre-Approval Can Get You a Step Closer to Your Dream Home?

We all have a dream home planned about and wished for several times, or we at least have dream areas like, our back yard would be as such, or our master bed room would be as such , or we would have a mini library or bar of our own. But all along, deep inside…

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Want to know the best time to refinance and how to make the most out of it?

Mortgage refinance could help you benefit financially!  Read on! Mortgage refinancing is a process which can help you save some big bucks. Canadians usually refinance their mortgage to take advantage of lower rates. But mortgage refinancing is not something which can be similar for all. An individual’s personal financial situation and security play an important…

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Home Equity Line of Credit – Access the Equity in your home!

Your home is perhaps your greatest asset. So, don’t let the equity in your idle! Take advantage of one of the greatest resources you possess. The value of your home equity is the difference between the value of your home and the unpaid mortgage. This difference in monetary value is usually large enough to facilitate…

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Things to consider when getting a private mortgage

Private mortgages are short- term, interest-only loans, ranging between 1 to 3 years. These interest-only loans do not require homeowners to pay the mortgage principal down, and instead only require interest payments each month. Most importantly, general private mortgage requirements primarily take into account a property’s overall value and marketability as opposed to simply the…

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Looking for a house to call your own?

Want to buy a house but don’t know where to start? Don’t worry. Ontario Lending can help you find a home you can call your own. Buying a home for the very first time may be exciting. However, when you get into the process you may find many daunting obstacles and many questions that need…

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Is it harder to get a self-employed mortgage?

Is it harder to go through the mortgage process and come out a winner when you are self-employed or is it just a myth? Read on to find out! Buying a mortgage plan which has a good rate and a good amortization period with a reasonable premium can come under the category of “impossible” these…

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Steps to follow when applying for a second mortgage

How different is the second mortgage process from a normal mortgage? What are the steps? What are the requirements? Read on to find out! A second mortgage is a tough financial decision to make. Not knowing the right way to go about it and having to submit documents three four times just to get it…

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Mortgage pre-approval: The first step to buying a home!

Mortgage pre-approval is your ticket to being considered seriously by your agent or seller and never missing out on a home opportunity! How do you get one? Read on to find out! Mortgage pre-approval should always be the first step in your home buying process. Why? Because it can not just move your process along…

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Things You Should Consider While Choosing your Mortgage Refinancing Options

Mortgage Refinancing With a great financial mind, one can easily use mortgage refinancing options to his benefit. But on the other side, a few plans can only end up costing you more depending on your current plan and future rates. As all situations differ, we here have presented only a few pointers which can be…

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