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How To Get A Mortgage If You Are Self Employed
Posted on February 3, 2012 by Nawar Naji in Self Employed MortgagesStarting a business is rewarding and challenging. Entrepreneurs put their heart and soul into growing the business and wear multiple hats in running their operations. Understanding the impact of being self employed on getting a mortgage is not a top priority for entrepreneurs. There are options that exist for self employed borrowers but not as [...]
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Are 5 Year Mortgages Risky?
Posted on January 31, 2012 by Nawar Naji in First Time Home Buyer, Self Employed Mortgages, Toronto Investment PropertyHave rates ever been this low? With historic lows for the 5 year and 10 year terms, it is very enticing to take advantage of today’s low interest environment. The question is whether one should go for 5 or 10 year. Before I answer the question, consider the following: US Federal Reserve stated its benchmark [...]
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How To Increase Cash Flow In An Investment Property
Posted on January 23, 2012 by Nawar Naji in Toronto Investment PropertyIn a hot Toronto real estate market where sellers are getting what they want (and sometime more), finding investment property opportunities requires a skill and having good team members. In my search for a duplex or triplex, I focused on the Beach / Upper Beach area where the tenant profile is strong and potential for [...]
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How To Beat 2.99% 5 Year Mortgage Rate
Posted on January 13, 2012 by Nawar Naji in First Time Home BuyerBank of Montreal’s 2 week promotion of 2.99% 5 year fixed rate has initiated a flood of emails from lenders lowering their interest rates on various mortgage terms. Yes, the gloves are off since we are back from the holidays and the real estate market is active again. Can this rate be beat? The answer [...]
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Don’t Get Hung Up On The Dollars When Investing In Real Estate!
Posted on January 6, 2012 by Nawar Naji in Toronto Investment PropertyI recently met with a client who wants to invest in real estate. In the initial meeting where I find out about the client’s long term goals, desired mortgage freedom date, why they want to invest in real estate and how many properties they plan to acquire, the client stated their criteria is to have [...]
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Turn Down The Noise And Take Action
Posted on January 6, 2012 by Nawar Naji in First Time Home Buyer, Self Employed Mortgages, Toronto Investment PropertyA new year is upon us and we are hearing the same things: “Real estate is overvalued by 10%, 25%…”, “We are due for a correction”…. I agree that real estate prices, and I’ll only speak for Toronto since this is where I live and conduct my business, have appreciated over the last few years, [...]
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How To Save on Your Land Transfer Tax
Posted on December 12, 2011 by Nawar Naji in First Time Home BuyerAs mortgage lending rules have become more strict and real estate prices have appreciated over the last few years, it’s becoming more challenging for some first time home buyers to qualify for a mortgage without a co-signer. I was approached by a first time home buyer who was interested in buying her first home, a [...]
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How BAR Can Grow Your Real Estate Investment Portfolio
Posted on November 28, 2011 by Nawar Naji in Toronto Investment PropertyBAR?? Yes BAR, which stands for buy, add value and refinance. The toronto real estate market is hot and finding good deals can be a challenge especially when supply is low and there are quite a few interested buyers (I wonder how many are frustrated with their stocks and have decided to invest into real [...]
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How I Ended Up With 2% Equity In My Home!
Posted on November 25, 2011 by Nawar Naji in First Time Home BuyerOver the last few years, real estate prices have appreciated considerably where some first time home buyers have had a hard time qualifying for a mortgage. Nevertheless, some are able to scramble the minimum 5% downpayment (or have some of the downpayment gifted by a family member) to start their journey of home ownership. When buying a [...]
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2 Factors That Can Affect Your Home Value
Posted on November 21, 2011 by Nawar Naji in First Time Home Buyer, Self Employed Mortgages, Toronto Investment PropertyThe second factor that can affect your home value is jobs creation or an unemployment spike. Cities or towns that are reliant on one major industry are exposed to large swings in real estate values. For example cities such as Windsor and Oshawa are reliant on the automotive industry. Since the automotive industry downturn, many [...]
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