QUOTE (investmart @ Jan 9 2008, 08:07 PM) Hello, Is prime minus 0.9 considerred good interest rate for a 5 yrs varialbe interest mortgage? Haven`t recevied the info from the bank yet and my approach is not to "let the entire deal be affected" by the interest rate but obviously it`s good to know...

QUOTE (seanverret @ Jan 9 2008, 08:56 AM) Once I started getting into the 3 property range then I really was maxed out. We had do my 4th property with only my JV on the title and mortgage. Our lawyers then filed a caveat on the property for us, though my terminology may be incorrect. I`d be...

QUOTE (investmart @ Dec 21 2007, 05:12 PM) If the current bank I`m working with says no and I try with another bank, will the 2nd credit check itself affect my credit report/score even if it is perfect? In other words is it true that having another bank check your credit report (for the same...

QUOTE (VicChung @ Dec 21 2007, 01:13 PM) Dear REIN members, My partner and I are considering making an offer on multi-Family units/fourplexes. REIN recommends adding conditions such as "subject to financing", "subject to property inspection" for residential units. However, in the case of...

QUOTE (BMironov @ Oct 23 2007, 06:05 PM) Hi Claudio, Of course, it is all right if you`re willing to pay extra for fixed rate. But be careful, becuase recently it was in the news that banks started to hike mortgage rates to pay for subprime meltdown. Just double check. Cheers, Boris There...

QUOTE (martinmeb @ Oct 23 2007, 07:53 PM) I forgot to mention the condo has a 25 year amortization ( I wanted 30 or 35 years but CIBC wouldn`t because it is for investment ) at least that is what they told me. All three debts are with CIBC. The interest rate for the condo is 5.84% fixed for 5...

QUOTE (timk519 @ Oct 23 2007, 06:29 PM) Could you explain this? A LOC has P&I payments, as long as you pay more than the interest costs every month. It`s also more flexible than a mortgage as you can opt how much to pay, and when to pay, while that`s pretty well locked in with a mortgage. Or...

The CMHC site is difficult to navigate, and I couldn`t even locate the link. But here`s the link to the program through Genworth. http://www.genworth.ca/mi/eng/product_solutions/vacation.asp Hope that helps! Rob Macdonald General Manager Peter Kinch`s Canadian Mortgage Team

Hi there, Your membership in REIN will definitely give you some great strategies to get involved in properties with little or none of you own money. One of the keys will be to understand joint venture agreements. Genworth financial, currently has a program available through most lenders to put...

Hi Todor, The article you are reading details a great strategy to purchase a 2nd home, under one of the insurer`s high ratio programs rather then trying to approve a rental property under the investment property guidelines. The 2nd Home program is eligible if you will be using this property...

QUOTE (cmjxj @ Oct 8 2007, 10:06 AM) Hello all, I`m new to this site, and fairly new to RE investing. I recently read Don Campbell`s 97 tips book which led me here. I`m hoping to get some of your opinions on my situation. Appreciate any insight you can provide. I plan on building a rental...