Thinking of Home Buying as a Partnership?

There are good reasons to consider home buying as a partnership:

• Income for qualifying to buy in the neighbourhood, home size and amentiies, and land space around the home may not be sufficient;
• Down payment assembly could be accelarated with a pooling of resources
• A strong credit rating of one partner may increase the chance of mortgage approval

Generally, most partnerships involve family members, where a parent or more established si

A number of Sub-Prime mortgages lenders entered the Canadian market 5-6 years ago, and have since closed funding operations.  Of course, no borrower is so lucky that their mortgage disappears when the lender decides to stop doing mortgage business. 

The mortgage porfolio may be sold to another lender, a trustee may be administering the portfolio, the lender's parent company may be administering the porfolio from their home office location.  But, payments continue to come due.

And, there is a good chance that when the mortgage is up for maturity- the lende

Are you a potential Rent to Own buyer who genuinely wants to own your own home?  Ask Phil 403-630-7952

Are you a seller who genuinely wants your Rent to Own buyer to complete the purchase?  Ask Phil 403-630-7952

Another video identified that Rent to Own does have its "Sharks" who feed off those who dream of home ownership.  The "Sharks" want to keep the home title, now and in the future.  They want market rent for their property.  They want to keep the additional money their "tenants" pay them during the rent&n

You are not alone if you feel crushed by the needs of your children and now your parent(s).

There are many determined seniors who just will not listen to the advice:  " Please, sell the home you have owned and lived in for years." 

"Take the money and live in a home that does not need the physical strength to get around that this home needs.  Stop worrying about an increase of property tax because the pension is not big enough and the bank account is not high enough to take extra expense hits."

Who would have thought these old fol

Do you have a decision to make: either because you have an existing mortgage that is variable or you are planning on taking a new mortgage?

The Bank of Canada July 20, 2010 25 basis point ( that is equal to 0.25%) increase of over-night rate triggered a Prime Lending Rate increase of 0.25% on variable rate loan products, including mortgages.

The video explains a single scenario of a $400,000 mortgage starting off with a five year term and thirty five year amortization.   Your mortgage will most likely have a different balance.  The fixed rate of 4.19% is commo

As of May 2010, Calgary's unemployment rate reached 7.50%, a statistic not seen for years.

While other industries and services are similarily challenged during a recession, the Oil and Gas industry can be unsettling when the economy is looking up.

During a recession, small oil and gas exploration, production and service companies' ownership and management team have to work hard for contracts, trim costs, look for effeciencies, and worry.

When there is an up-tick in the economy, the heavy cash-laden "big boys" of the industry are looking for acquisitions.  What d

As of May 2010, Calgary's unemployment rate reached 7.50%, a statistic not seen for years.

While other industries and services are similarily challenged during a recession, the Oil and Gas industry can be unsettling when the economy is looking up.

During a recession, small oil and gas exploration, production and service companies' ownership and management team have to work hard for contracts, trim costs, look for effeciencies, and worry.

When there is an up-tick in the economy, the heavy cash-laden "big boys" of the industry are looking for acquisitions.  What d

We have seen the ads in the internet, paper, and posters in public places, "We Buy Houses".

Not long ago, a couple listed their home with a real estate company.  The real estate market had a number of listings of homes in the same neighbourhood, and generally, all the homes were well kept, and the listed homes were all competitively priced. 

The couple had made an offer on another home and were anxious to get a sale on their existing home.  They saw various postings for "We Buy Houses" from a variety of advertisers.  They called one, and were to

So you are thinking about doing a rent to own?

If you are a purchaser that does not qualify now because of recent credit history, type of income, or lack of down payment- you maybe looking at rent to own ads.  They are all over the internet, papers, and posters.

If you are a property owner who wants to defer a transfer of asset and incur capital gains or investment income later, the rent to own is a method of retaining ownership and title to a property, having a tenant to continue to provide income from the real estate, but also have a willing buyer lined up for the fut

How is the real estate market and ice cream retailing very similar?

Consider the "hot" real estate market.  Remember when you were on a sandy beach on a very hot day?  There is one ice cream stand.  You see a long line up of people at the stand.  Those in line behind you are grumbling for you to get moving; and, you are wondering what is holding up the folks in front of you!

Once you get to the stand, you really have no choice: it's vanilla soft ice cream, already starting to melt.  Buy it and get on with it!

Now, look at