Rentals with 10% Only Down Payment!
Since the implementation of Bill B20 it has been mandated that investment property will now require 20% minimum as a down payment.
But here at Mortgage Intelligence Oshawa we are able to offer 10% down to our top tier clients for purchases in Durham Region.
If you have excellent credit, experience buying and holding rentals and you have the down payment from your own resources we can look at your application with only 10% down. So don’t let the lack of a larger down payment stop you from buying that next investment property.
Make Money While You Sleep.
Investment Strategy For First Time Buyers.
If you are thinking about buying your first home you need to view this informative video. It will help you not only buy a home but tell you how to buy a home that becomes your first investment rental property with only 5% down, not the required 20% down for investment buying . There’s a big difference in first time home and a property that becomes your first Real Estate Rental Investment. But the biggest advantage is needing only 5% down! In 2011 the Government implemented 20% down payment for all investment property purchase.
If you would like to buy a property with the plan of turning it into a rental investment you need to contact us today!
Use the handy form to ask a question or leave a comment.
Rent to Own Gains Popularity
Tighter Mortgage Rules Make Rent to Own Even More Popular
Moneyville is always an excellent source for mortgage and real estate information, so I couldn’t pass up this article about Rent to Own.
The information is very direct but more important if you are thinking of Rent to Own be sure you obtain Independent Legal Advice, before signing on the dotted line.
Rent To Own involves a contract and as with any contract know what you are signing.
Once you understand your obligations and you agree with all the terms, then and only then should you go forward.
If you are an investor and want to do a rent to own, please contact us we always have good people who want to buy a home through Rent to Own. Use the form below to contact us if you have any questions or comments.
Condo Sales Falling in Toronto – Opportunity???
Every Cloud Has A Silver Lining!
Recent reports of a falling sales and investors sitting on the sidelines may just present an opportunity to the seasoned Real Estate Investor.
“Buy Low, Sell High” is the way investors hope the market will favor them. The next few months should bring a correction and with that a “Buyers Market”. There are so many condos for sale right now, plus more being built as we speak.
When I came across the article Five Traps to Avoid, When Buying A Condo, I thought this would be a good time to share it here on the blog. I hope you find it informative, especially if you’ve thought about buying a condo as an investment.
Perhaps the next few months will bring new opportunity for investment in this sector of the housing market. Food for thought: Not everyone who wanted to buy a Condo in the GTA can do so because of the tougher lending guidelines so this could be a good rental option. After all we all need a roof over our heads.
Please feel free to leave a comment or question in the helpful form below. Or apply on-line if you would like to get a rate quote.
Well Mr. Flaherty, You Sure Did It This Time!
The sudden drop in investor interest has sent shock waves through the industry because, just since 2007, investors have come to dominate the GTA condo market.
In an effort to stop consumer debt from rising,The Minister of Finance has 
whacked the Housing Market with a sledge hammer!
As a professional in the financial field I have often scratched my head at the way he went about curtailing consumer spending. His new lending rules have made it harder to buy a home while consumers are still on a spending spree and now the housing market is falling into a slump.
These are your Government dollars at work ladies and gentlemen!
I have traveled the world extensively and I know one thing for certain. House prices in all major cities of the world are sky high. So why anyone would want to put the breaks on this hard because Toronto and Vancouver housing is expensive is mind-boggling. Not to mention the results of the severe tightening aren’t solving the consumer debt issue one single bit!
Think of each and every sector of the economy that employs someone who’s job is related to housing and you can easily predict how much our economy is going to suffer with the hardline actions of the Minister of Finance.
When I saw the article in Moneyville today I thought it was important to share it on this blog. So here’s the link folks. Read’em and weep!
This blog is just me thinking out loud but I would like to hear what you have to say on the subject so leave me a comment below.
What is Rent To Own Re-finance?
You’ve Heard of Rent to Own, But What is RTOR?
In the current economic climate many people need relief from debt. Since the implementation of tighter mortgage lending guidelines came into effect in July 2012,there are fewer options to help manage debt. Primarily the option of refinancing a principal residence above 80% loan to value has disappeared.
This is where Cardinal Home Investments can help!
Calling all Real Estate Investors in Durham Region
Did you know that membership is free at Durham Real Estate Investors.
Meet with like-minded people who enjoy buying and holding or buying and selling Real Property In the Durham Region.
The DurhamREI began 2008 by with a small group of Real Estate Investors meeting informally to share problems and solutions that they were facing.
Yes, Have 2.99%!
RBC raised it’s rates to 3.69% for a 5 yr fixed mortgage yesterday.
We still offer 2.99% for 5 yr fixed with full privileges! Take advantage of the savings if you need a mortgage.
Apply now to save thousands!
Rogers TV Interview with Elfie Hayes!
Get the Low Down on Mortgages!
Barbara Clifford of Rogers TV interviews Elfie Hayes of Mortgage Intelligence Oshawa on the popular show “Know It All”
Find out how to:
Investor Advice
Investor Advice is an informative Blog about buying Real Estate for the purposes of Investment. In today’s uncertain market place it seems that Real Estate is the “Jewel” for Investors!
Sound Advice for Investors.
Since the recession of 2008 Real Estate held it’s value while those invested in the Stock Markets watched their savings disappear. Through years of experience and vast knowledge of buying Real Estate for Investment we are able to offer sound advice for buying and financing your investment!
Help Me Find The Right Mortgage For My Investment Property.
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