Comments on: Real Estate: Time For The Mortgage!

By: Festival of Stocks – August 9, 2010 Edition | Fat Pitch Financials

Festival of Stocks – August 9, 2010 Edition | Fat Pitch Financials — Mon, 09 Aug 2010 18:41:46 +0000

[...] Financial Blogger presents Real Estate: Time For The Mortgage! posted at The Financial Blogger, saying, “It will be easier to get a mortgage if you know [...]

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Fri, 30 Jul 2010 01:47:53 +0000

[...] Turns out getting a mortgage ain’t so simple anymore. The Financial Blogger what’s required to obtain a mortgage. [...]

By: Get Out of Business Liquidation Sales: Not A True Bargain

Get Out of Business Liquidation Sales: Not A True Bargain — Wed, 28 Jul 2010 00:39:09 +0000

[...] The Financial Blogger: Real Estate: Time For The Mortgage! [...]

By: Jen

Jen — Fri, 23 Jul 2010 01:17:58 +0000

I have created a portfolio binder. Every time I need to apply for a mortgage for any of my rental properties, I have everything I need in one binder!

As well as mortgages there are lots of private lenders that are willing to lend money. I have also just discovered how to use other peoples RRSP’s to invest in real estate and pay them a higher return than what they are presently getting.

By: The Financial Blogger

The Financial Blogger — Thu, 22 Jul 2010 21:52:31 +0000

As a banker, I can tell that the level of requirements is pretty heavy since we want to make sure we are being victim of a fraud.

You better be ready to supply a tons of paperwork ;-0

By: Rachelle

Rachelle — Thu, 22 Jul 2010 18:38:31 +0000

People don’t understand that these guidelines are put in place to safeguard not just the bank but themselves as well.

Having seen a situation where two people were living in a 6000 square foot house with 7 bedrooms, two living rooms, one family room, kitchen and dining room, but kept the heat at 50 degrees to save money. Most of these rooms were useless to the occupants and unfurnished.

Just because you can do something doesn’t mean you SHOULD!

By: MD

MD — Thu, 22 Jul 2010 14:21:25 +0000

@BMSP Mike works in the financial industry, I’m sure he could share some innovating tips with us

@IS A few years ago my corp. finance professor said it best, “the quoted rate is the most irrelevant number in the world.” Not sure why it is like this but the rate I got on my mortgage a few months ago, was very far from the advertised figure on the nice window poster.

By: IntelligentSpeculator

IntelligentSpeculator — Thu, 22 Jul 2010 14:03:44 +0000

Great post, I think the whole process of mortgages is fascinating. One question I have is why there is such a big discrepency between quoted rates and what you can actually get in most banks…

By: BMSP

BMSP — Thu, 22 Jul 2010 13:56:08 +0000

Are there strategies that can be used, that are legal but that many people do not know about?? And I’ve heard that banks still are willing to give up loans much greater than what is “safe” to accept, any thoughts on that?