As most brokers already know, fixing a mortgage for an Airbnb property is a tall order, but it can be done
Obtaining land financing from a private channel lender is a process leaps and bounds more complicated than securing residential financing, but remembering a few fundamentals will save time and prevent headaches
Mortgage originations in the private channel have grown this year because of B-20, but with the increase in volume has come a slew of common mistakes
There's a whole new cadre of potential homeowners looking for the type of financing that only private lenders are willing to provide
Despite their proliferation in recent years, most lenders remain reticent about doling out mortgages
Brokers will also augment their funding ratios
Michael Feldman has radical idea
The CSA is criticized for being years late
The Toronto market has been flat through the first two months of the year, and lenders' forthcoming decisions on rate specials will likely determine whether or not activity increases through the year
In light of the Globe and Mail's explosive story revealing how drug money from the fentanyl trade is being laundered through Vancouver real estate with money provided by private mortgage lenders, there are concerns that the issue has been misrepresented
The new B-20 rules may have rocked the mortgage industry, but sponsoring an award at this year's CMAs has allowed Canadian Mortgages Inc. to stay one step ahead of the changes