30 Apr

Why it’s just not about the rate: Part 2

General

Posted by: Aneta Zimnicki

In my previous blog , I discussed a number of reasons why simply looking at mortgage rate is not as important as one may think.  This is especially important for the real estate investor interested in building up a portfolio with multiple mortgages and properties.  Here are some other things to consider, beyond just looking at the […]

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11 Mar

What lenders think about grow-ops

General

Posted by: Aneta Zimnicki

March 11, 2013. Got quoted today in Mortgage Broker News, about registering former grow-ops with the regulatory authorities.  Not a good idea, in my opinion, it will narrow lender choice and hurt real estate investors and innocent home buyers.  A properly remediated property

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26 Feb

Should I refinance to get my rental portfolio started?

General

Posted by: Aneta Zimnicki

Is this you or someone you know? You are a new investor and have dreams of building a real estate portfolio. You have your primary residence and there is some locked-in equity, but gosh darn, your existing mortgage term is not expiring in the near future.

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16 Jan

The different types of lenders

General

Posted by: Aneta Zimnicki

Many consumers think that mortgages can only be obtained by walking into a ‘bricks and mortar’ retail bank. But the mortgage lending world goes far beyond that. There are so many mortgage options and lenders available,

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7 Dec

The mortgage approval process

General

Posted by: Aneta Zimnicki

Previously I discussed the mortgage pre-approval, which is the first step in the mortgage approval process. Here is a basic rundown of the rest of the process, from purchase offer acceptance to closing day.

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1 Nov

How does a HELOC work?

General

Posted by: Aneta Zimnicki

You may have heard the terms Home Equity Line of Credit, HELOC, readvanceable mortgage, ‘Smith Manoeuvre’ used by sophisticated investors. It is a popular strategy with sophisticated investors, but how does it actually work?

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23 Oct

The myth of the pre-approval

General

Posted by: Aneta Zimnicki

You hear the terminology ‘pre-approval’ often, but do you know exactly what it entails? One of the biggest misconceptions is that a pre-approval commitment from a lender is a guarantee of financing…it is simply just

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