Did you know that not all “A” products offered by major banks are the “ace products?” So if you’re looking for a mortgage getting one from schedule A lenders shouldn’t be your priority. After the introduction of B20 in 2011, and later the stress test rules in 2018, the mortgage industry has become more complicated than ever. A few years ago, we used to have straight-forward, limited options. But these days, even with the schedule A lenders such as charter banks, you might find various features or offers on the same product from different lenders.

Six Steps To Close Your Mortgage Deal During The Pandemic

Author: MassMortgageGroup .com | Jun 26, 2020 | Categories: Business Loan , Construction Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

Whether it’s our work schedule or social life, there is no denying that COVID-19 has turned our lives upside down. However, that doesn’t mean that you should stop planning for a prosperous future for you and your family, especially when it comes to purchasing a home.

Critical Steps Before You Start Your House Hunting

Author: MassMortgageGroup .com | Apr 07, 2020 | Categories: Business Loan , Construction Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

Prepare Your Down-payment Account:

If your down-payment comes from your own savings, ensure that the source of all large deposits is trackable and tracible. According to the Anti-Money Laundering Act, all lenders in Canada are obliged to make an enquiry and do their due diligence to ensure that the source of down-payment is legitimate and clear. As a rule of thumb, they would ask you to provide a minimum three-month history from your savings account. If there is any large deposit into your account during that period, be prepared to provide some additional documentation to prove the source of it.

Additional Benefit Of Working With MASSMortgageGroup.com!

Author: MassMortgageGroup .com | Mar 16, 2020 | Categories: Business Loan , Construction Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

Securing a mortgage is getting increasingly challenging, which makes it best to hire a professional that can guide you through the entire process of applying for a pre-approval to collecting the house keys.

How To Improve Your Monthly Cash Flow In 2020

Author: MassMortgageGroup .com | Feb 11, 2020 | Categories: Business Loan , Construction Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

Regardless of whether you have set “financial improvement” as one of your resolutions for 2020 or not, it is vital to understand that everyone faces financial challenges from time to time. To overcome economic hardships that could force you to live from paycheck to paycheck or accumulate heaps of debt, it is vital to watch your cash flow and improve how you utilize your money.

Six Incentives For First-Time Home Buyers

Author: MassMortgageGroup .com | Sep 16, 2019 | Categories: Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

Purchasing your first home can be an exciting experience, but monetary constraints can force you to postpone your decision. After all, buying a house is a significant financial undertaking that takes years to repay. Fortunately, the Canadian Government offers a variety of grants and special programs for first-time homebuyers to help meet their housing needs. Taking advantage of these incentives will ease your financial burden and may even alleviate some of the stress.

Understanding The Different Types Of Mortgage Lenders

Author: MassMortgageGroup .com | Aug 30, 2019 | Categories: Business Loan , Construction Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

When you consult with a mortgage broker, irrespective of your financial situation and credit score, they are likely to have a lender that is willing to work with you. A mortgage broker can do this because of the extensive network of lenders they have built and the knowledge they have acquired about each type of lender.

Nine Critical Steps To Improve Your Credit When Facing A Financial Crisis

Author: MassMortgageGroup .com | Jun 20, 2019 | Categories: Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

Life is filled with many unseen and unexpected events, and as we take on more responsibilities, at some point or the other, we’re bound to go through inevitable financial ups and downs. Some people can manage these situations and come out of it with minimal loss or damage, while some people cannot handle their financial problems due to various reasons. In this article, we will elaborate on why these kinds of situations occur, how they can be fixed, and what tools are available to help you make your situation better.

Why You Should Choose MassMortgageGroup.com

Author: MassMortgageGroup .com | Apr 01, 2019 | Categories: Business Loan , Private Mortgage , Second Private Mortgage , Self Employed Mortgage

Commercial Mortgage Toronto

When it comes to securing a mortgage for a new home, most homeowners turn to banks. However, bank representatives only show you mortgages available in their institution. Whereas when you work with a mortgage broker, they provide you with a wide range of products as they work with lenders, banks, insurance companies, etc. These professionals focus on your individual needs and have the negotiating power to get you the best deal.

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