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Hello Most lenders will not waive the penalty. With new regulations in place you may not be able to blend and extend. Best to contact the lender directly. Try Googling Resmor or have your real estate agent supply you with a copy of the charge. it should have contact information on it. QUOTE...

Hello, I am a mortgage broker as well and have had to foreclose on properties in default. It is a lengthy court process best handled by professional lawyers.

The Vendor is probably aware of this situation re. the financing hurdles. Perhaps you should request that they hold a 2nd mortgage VTB.

I have done this type of work in the past. I have had a new structural beam designed to fill the gap supported by posts on either end. Before removing the wall I had rented a number of jack posts that I temporarily installed on either side of the wall being removed. I put a wood plate above...

Don`t listen to the nay sayers. Trust your instincts but be willing to look at the long term picture. I bought my first real investment property in 1996 with a $50,000 credit card advance, 2nd mortgage VTB and assumption of a 1st mortgage. Family told me it was a bad deal but the worst case...

On the news today they indicated that a home listed at $549,000 sold for $725,000 in a bidding war. With a 10% downpayment this house carries for $3,345 per month plus taxes based on a 10 year term at 5.2%. In the early 1990`s This payment would have carried a $350,000 mortgage based on rates...

The bank would earn more interest by extending your amortization. Sounds like he was giving his personal opinion without regards for the shareholders of the bank. good for him. better customer service would have been nice though

Hello, I am a new REIN member and Mortgage Broker and would be happy to assist you. I am part of the Peter Kinch approved mortgage team working from my office in Barrie Ontario My designations inclue an AMP as a Mortgage Broker CRA license( Canadian Residential Appraiser with the appraisal...