Are you Eligible for a Reverse Mortgage through a Private Lender? What is a reverse mortgage? Basically, this involves a lender making a lump sum payment to you and having no mortgage payments for the term until the mortgage is paid. This is a great way for you to access ...
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Amansad Financial Company Details Answer: Amansad Financial Services was incorporated in Alberta on September 2nd, 2010.Answer: Our company has 2 directors that share 50/50 Ownership. All other IT, Marketing, and Support Services are outsourced to Canadian Based Businesses.Answer: Our company has a unique set up. We're a Brokerage that Underwrites for ...
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Mortgage Purchase Qualification FAQ Receive professional negotiating expertise. Convenience and access to numerous new mortgage products. Unbiased knowledgeable advice. Access to unadvertised rates. I work for YOU, not the bank. Is a Federal Government Program that allows home-buyers to use $25,000 for each purchaser from his/her own RRSP. You must ...
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Co-Signer Guarantor FAQ If you are looking to take out a mortgage for a home but don’t qualify with a traditional lender, then going in with a co-signer can make the difference between an approval today as opposed to waiting a year or two paying rent and wasting your hard ...
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10 FREQUENTLY ASKED QUESTIONS ABOUT MORTGAGE RENEWALS If you do not renew or have plans to renew, you must look to either switch to a new lender or sell the property. Depending on the lender and the relationship with the lender during the term will impact how quickly they issue ...
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8 GREAT QUESTIONS REGARDING LAND FINANCING Answer: The required down payment for land varies based on land type, use, location, and credit. Generally, if the land is acceptable to a private lender you’ll require 45% or greater (sometimes a bit less). The Credit Unions and Bank may qualify you for ...
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When it comes to setting up IPR agreements, there are several common questions that we get from our clients. We’ve put together this page to help clients find basic information as they start exploring the process. If you have other questions, reach out to our mortgage specialists so that we ...
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1. LYING ABOUT OR OMITTING INFORMATION ON THE APPLICATION Despite better judgment, this is an area that some borrowers will venture to in order to attempt to get better terms or approval for a loan. We have seen the lying from embellished stated tenures at work, to work position, to ...
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Reverse Mortgage FAQ Answer: Banks don’t give your credit score as much scrutiny when they evaluate your application for a reverse mortgage, because you don’t make payments on it. As a result, your record of making payments on time is not as crucial a part of the consideration process. There ...
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If you find yourself overwhelmed by the debts that you have accumulated, one way to avoid having to file bankruptcy is to put together a consumer proposal – a payment plan for your creditors. When you put that proposal together, that is the starting point for negotiations with your creditors ...
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