Reduce The Mortgage Related Cost

How To Reduce The Mortgage Related Cost Of Purchasing a Rental Property

How to minimize the cost(s) of financing a rental/investment property Owning a rental property is a lot like owning a corporation in the sense that minimizing costs, and maximizing profitability. The cost(s) of owning a rental property generally break down as follows: Mortgage Interest Cost Maintenance Property Taxes HOA/Condo Fees Utilities For the most part,…

Major Changes to Mortgage Qualification Being Discussed in Ottawa

Ottawa is looking at increasing down payment requirements and reducing amortization periods In the midst of incredibly hot real estate markets in Toronto and Vancouver, slumping oil prices, and somewhat tepid real estate markets in Alberta, the Canadian Federal Government is looking at ways to stabilize the Canadian Real Estate Market, and manage household debt.…