Investing in real estate is a relatively low-risk way to increase your cash flow and it can make a big contribution to your portfolio. If you’ve already got a primary mortgage on the home that you live in, the process of obtaining a second mortgage is a bit more complex.
If your goal is to own an income property, then there are a number of products to consider, and we can help you go over the pros and cons of each.
When investing in a property that is not your primary residence, the down payment amount is 20%. If you have equity in your existing home, you may be able to come up with this by tapping into the funds you made from your first real estate purchase.
With a number of things to consider on the financial side before purchasing an income property, it is important to have knowledgeable professionals like us ready to guide you.
As anyone who’s ever looked into buying a condominium knows, there are almost as many types of condos as there are kinds of people who want to live in them. Residential condominiums can range from high- and low- rise apartment buildings to townhouses, duplexes, triplexes, single detached homes, freehold plots or even mixed-use condominiums that include retail or commercial space.
Anyone that has used a mortgage broker in the past understand just how valuable such a service provider is, whether you are buying your first home or renewing your mortgage. There are many false perceptions about using a mortgage broker that come from a lack of understanding about the process and the benefits.
We live in a world that is filled with the uncertainty. Life Insurance protects your loved ones in the event of your death. It could provide future income to your family if you were to pass away during your prime working years, and it may also be used to pay debt, such as a mortgage, final and emergency expenses.
For most Canadians, buying a home means taking out a mortgage. A mortgage is money you borrow to buy
a home, using the home as security (or “collateral”) for the loan.
To help you protect that investment and find a safe, comfortable place for your family to call home, Premiere Mortgage Centre offers the following list of some of the things you should look at before you buy a home, to make sure you won’t end up having to pay for a lot of expensive repairs:
Whether you are aware of it or not, your home may be using higher levels of energy than is really necessary. Allowing your household to expend extra energy can have negative consequences on the environment, and on your wallet.
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Home owners don’t always recognize that there are a variety of mortgage options available. Real estate financing isn’t a “one size fits all” thing, and no one should have to settle for that. When buying your first home, refinancing, or moving you should explore all of the options. We can help you find a mortgage that fits your lifestyle and financial needs. Contact us to get pre-approved.