The Self Employed and Private Mortgages
When you’re self-employed, a private mortgage can be your best friend. Private mortgages are loans that are financed through a private individual or organization that are not a bank or other lender. You may have seen advertisements for homes with the banner ad “Owner-Financed” splashed across it – that’s a simple way of saying that property comes with the offer of a private mortgage. And when you’re self-employed, it can be just what you’re looking for.
Read moreSelf-Employed Mortgage Option #1: The Stated Income Mortgage
On Friday we looked at a few reasons why it can be so difficult for the self-employed to obtain a mortgage. And if you’re self-employed and have already tried to obtain a mortgage, you already know many of those obstacles. One of the main ones being that often, the self-employed don’t have an actual income to prove and verify. While you may have tax documents, you still don’t have the security of that paycheque every two weeks, and lenders can often look unkindly on that. But, find the right lender with the right kind of mortgage, and you might just be their perfect applicant.
Read more“Intensification” is Up in Ottawa!
The City of Ottawa is on a mission – to build up rather than out; or rather, to get more of its residents living in apartment buildings or condos closer to the downtown core, and less in the suburbs, such as Kanata. And, according to the City’s Annual Development Report, they’ve been successful so far.
Read moreThinking about Moving Your Business to Ottawa? Better Hurry!
The Ottawa real estate market has been one that’s been thriving amongst some slower markets across the country. When compared with cities such as Montreal, Vancouver, and Calgary, Ottawa’s housing market has been able to either steadily maintain itself, or even spurt ahead of the other markets. Now the National Office Trends report, a report conducted by commercial real estate brokers, Cushman & Wakefield, has shown that commercial mortgages are going up, as commercial vacancies go down in the nation’s capital.
Read moreOttawa is a Great City for Home Buyers and Sellers
Good news for real estate buyers and sellers in Ottawa. A sustained strong real estate market is making the the city a great place for sellers and a slight increase in resale home affordability is good news for buyers.
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