Mortgage Myth #1 In Real Estate Investing – I Need A Large Down Payment – Vancouver Mortgage
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Bai Jiang is a Mortgage Broker specializing in arranging financing for investors to build larger portfolios. He has helped clients (who have 40+ properties in personal name) get residential financing at bank rates. He will get the tough financings done.
He is also a real estate educator (organizer of Earning Passive Income Through Real Estate Meetup Group with 2400+ members), real estate investor (15+ years), and a REIN Member.
He has one simple goal in mind – to provide you with unbelievable service, the very best mortgage options to meet your specific needs, and most importantly, be a trusted mortgage advisor.
2015 – REIN BC Real Estate Professional Of The Year Finalist
2012 – West Coast Awards – Mortgage Broker Of The Year Finalist
2012 – West Coast Awards – Real Estate Club Of The Year Finalist
Tel: 604-299-0318 Cell: 778-828-9899 Fax: (888) 508-8235
Email: baijiang@dominionlending.ca
Website: www.baijiang.ca
Gary Wong is the author of “The Book on Vancouver Real Estate”
As a full-service land-development Realtor in Vancouver, Gary advises his developer and investor clients in matters of structuring, negotiation, implementation, sales and acquisitions.
His long term real estate acquisition formula has helped his clients from all walks of life to establish real estate portfolios to meet their long term financial goals.
Gary can advise and counsel you through property disposition and acquisitions from preliminary planning and feasibility analysis, to detail goal-oriented marketing and comprehensive sensitivity analysis determined by current residential real estate trends.
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Website: http://www.garywongrealty.com
Blog: http://www.garywongrealty.com/blog
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The Book On Vancouver Real Estate:
Rich Landlord, Poor Landlord:
Rich Landlord, Poor Landlord: Hidden Secrets Rich Landlords Know That The Poor Do Not
The Ultimate Guide To Foreclosures:
The Ultimate Vancouver Foreclosure Properties Guide To Getting The Best Deals
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Adjustable Rate Home Mortgage Benefits Worth Considering
A lending institution might be a bank, a credit union, or a quasi-government company like FNMA or “Fannie Mae”. Speak to a professional about your options for lowering rates, so that you can pay less regular monthly.
If you are a homeowner, indicating you do not owe any thing on your home mortgage, you have the alternative of getting a reverse home mortgage on your house. A reverse home mortgage is a type of home mortgage that you can take a loan on the amount of the value of that house that you own. So if you just recently took and bought a home out a loan for the total expense of the house, and still owe all of the cash on that loan, a reverse home mortgage might not be the right loan for you.
With your bad credit, you might wish to check out the chance of the Federal Real Estate Administration, FHA, where individuals with credit as low as 580 can acquire pop over to this web-site loans with full financing. There are other alternatives such as seller financing and lease with alternative to buy.
It’s a purchaser’s market out there today. Home values are dropping, that makes it this site simple to enter into a terrific home for a low price.You might have a tough time refinancing if residential or commercial property values are actually low in your location. You’ll need your house to appraise for at least the amount of the loan. If you have a new loan and have not paid it off very much, you might have a tough time qualifying.
They will note all of your current debts and create how much a month you are presently paying for the total of all your financial obligation. They will compare your regular monthly earnings to your regular monthly financial obligation payments to get an earnings to financial obligation ratio.
GST – if you are purchasing a new house through a home builder or developer, you will have GST to pay. It is typically possible to have the GST consisted of in your total expense for home mortgage financing purposes.
Another consideration is the threat associated with the strategies you have actually set for your endeavor. Some lending institutions either not provide cash or will do so at greater interest rates if the threat is too fantastic. Research study marketing research that relates to your objectives.
The majority of brokers have years of experience and knowledge to help their customers to get the home mortgage that finest fits their present situation. They look after your loan application, tell you about home mortgage updates, advise you of the payment, and do other mortgage-related jobs masterfully. It is their practice to make your repeat service and recommendations from your good friends and associates. An established broker can even have in the know/her own service. How about loan officers from a bank? They seldom remain posted at one place for long. Bank staff gets promoted and transferred so frequently that they are less likely to master specific knowledge in customizing mortgage to your finest benefit.
Concern # 1: Am I getting the most affordable possible interest rate I can get on my home mortgage? You might wish to generate income with homes that have or are remained in foreclosure. Credit reports can consist of incorrect information.