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  1. E

    Help! Bank won`t renew the mortgage...

    QUOTE (RobMacdonald @ Nov 12 2010, 04:53 PM) There is one lender that I know of that will lend up to 90% of the value of the property. The rates are on the higher side, but not the typical private lending rate you might expect. It sounds like your mortgage would have been insured with First...
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    Help! Bank won`t renew the mortgage...

    QUOTE (bizaro86 @ Nov 12 2010, 04:29 PM) I would probably have a mortgage broker look at this and see if you are able to get a better offer (80% LTV should be possible, would that make it do-able for you to put up the cash?) and/or a better appraisal. Alternatively, you could try to sell it...
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    Help! Bank won`t renew the mortgage...

    Hello everyone, I bought my condo 3years ago for 283,000 in downtown Calgary. The unite appraised for 320,000 at the time. We arrange for the mortgage with 15%down (first national). We furnished the suite very nicely and rented out to executives between 1800 to 2200 per month. Few months ago...
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