QUOTE (dwb @ Mar 28 2008, 08:38 AM) And thus, higher Real Estate prices with the refuel. Maybe those wolves all searching for scarce meat will survive. Just to suggestion to add to Bill`s insightful reply... Right now, today, might be the time to lock into a three to five year variable Prime...

QUOTE (dwb @ Mar 28 2008, 08:21 AM) The Calgary and Edmonton market slowed down at about the exact same time lenders pulled the plug on the incredibly attractive "assumable mortgages" in Alberta (whereby one could assume a mortgage without qualification). Is there any truth to the possibility...

QUOTE (mozsmen @ Mar 27 2008, 07:38 PM) Hi there,I just joined the msg board...I`ve ben investing for about 7 years buying a 1or 2 rentals fixing and flipping...now I have 2 rentals and my primary residence.. all in calgary I feel stuck as to my debt ratio being to high for banks to approve me...

QUOTE (dwb @ Mar 26 2008, 08:46 AM) I just don't think there's enough information provided to give you the quality response you are looking for. We have no idea if this 100% financing on the new place will result in the monthly payments eating up your entire monthly income, or if the...

QUOTE (dellison @ Mar 25 2008, 01:50 PM) Hi All! I was hoping that I might get some advice on renewing my mortgage. My mortgage is up for renewal in April. I already have a mortgage broker which I use regularily, so I am not looking for a broker (sorry). I currently owe approximately $135K on...

QUOTE (JesseLee @ Mar 20 2008, 02:34 PM) Are these 90% loan all been charged at prime? if so that would be really nice. I didn`t use M1, but did some study. The M1`s prime rate is higher comparing with conventional P-x rate however if you can borrow up to 90% at prime rate then thats fantastic...

QUOTE (JRL @ Mar 20 2008, 10:04 AM) Hello All: I`ve read in a couple different places that the Manulife "One" product is a pretty effective mortgage financing solution. Can anybody comment on this? Looks like they`ll lend you up to 90% of the appraised value and your direct deposit employment...

QUOTE (brad @ Mar 19 2008, 07:20 AM) If you can find a property that cash flows $100/door when it is 100% financed, jump on that hard and fast. Those are some fantastic numbers!!! Just my 2 cents. Brad Hamilton Depending on your 5 plan and your personal financial picture - there may be room...

QUOTE (rhodas @ Jan 28 2008, 08:23 PM) Can anyone help with this........... We have a family member that would like to get into the property market by purchasing four fifths of our principle residence. We would remain one fifth owner as an investment (counting on that equity will continue to...

QUOTE (JRL @ Mar 18 2008, 07:29 AM) Hello: I`m 25 years old and have just gotten my ass-kicked in a real estate deal that started last June. I`ll try and be as specific as possible, and any advice you all can offer would be hugely appreciated. I bought my first property in Calgary back in...

QUOTE (mar @ Mar 12 2008, 11:47 PM) I too am a novice RE investor and have been sometimes nervous of my strategy of accumulating as many townhouse/semis as possible as quickly as possible. I currently have 3 properties and am looking to finance several more @ 100% using CMHC program. All deals...

QUOTE (BobHudson @ Mar 8 2008, 06:27 PM) We used a U.S. mortgage broker, Curtis Finster ( http://lease2ownbob.blogspot.com/search?q=finster ) who got us a mortgage at a U.S. bank. Qualification was way different. As "aliens", we had to put up 30% downpayment and pay an extra 1%. Everything from...

QUOTE (GarthChapman @ Mar 9 2008, 01:35 PM) I heard a while ago that Beacon scoring is now, or is going to be, handled in a manner that borrowers are not penalized for shopping around. For example - if a person looked at cars at 3 different manufacturers during a month and all three car stores...

QUOTE (LornaRush @ Mar 8 2008, 09:56 PM) I have been purchasing properties this past year, in total 9. I have been using a mortgage broker and I thought that he would be the only one pulling my credit report. However, in this past year I have had 21 hits on my credit due to the broker pulling it...

QUOTE (therealpotentials @ Mar 5 2008, 10:38 AM) When someone hits a brickwall as regards to getting financing, he or she should find some alternatives to create cash flow that could boost his merits to qualify later. Does anybody have any ideas as to what other alternatives are out there that...

QUOTE (DonCampbell @ Mar 3 2008, 10:27 AM) Hi, Try their office number 604-939-8326, they will know what others may be scheduled. Ask for Lianne - she`ll be able to send you the dates and locations of the next ones!

QUOTE (brentmatheson @ Feb 29 2008, 06:36 PM) I`ve purchased a few properties that were in rental pools. The broker ended up using TD and Scotia, and the only confirmation that we had to provide was that the unit had a separate title and we would have full control it (ie. self manage or move in...

QUOTE (TroyK @ Feb 28 2008, 01:39 AM) This is why I need a good mortgage broker. I still have much to learn. I guess that`s why I`m here to learn. Peter, thanks for the reply. I notice that you are from BC. Can you recommend a good broker that works with investors in Kelowna. Most brokers are...

QUOTE (TroyK @ Feb 27 2008, 08:31 PM) Friend of mine was talking to his bank and they told him that a 50 year ammortization mortgages with be available in the summer. Has anyone heard anything about this. Might make the difference between a property cashflowing or not. Troy We are still...

QUOTE (DonCampbell @ Feb 27 2008, 11:13 AM) Appraisers are also very busy right now. What many sophisticated investors are doing now is assisting the appraiser by putting a package together of comparables, comparable rents etc. Don`t be forceful, be helpful. They will still do their own...