we put an offer on a house in Penetanguishene Ontario and were turned down for financing with a co signer because the debt to income ratio was to high. my husbands credit score is only 566 and is improving all the time but obviously is in rough shape. we do have a downpayment of up to 5% to put...
Taking your advice Thomas and have settled on 3 old debts that were outstanding on my husbands credit. and put in an offer for a fix er upper we found private financing for. we average 15k a year tax returns so the rebate wouldnt work much for us other then usinf the rrsp for the home owner...
we are very lucky to have 1700 ft of road frontage so internal road systems are not needed each lot can have a driveway in place off the main road. the planner also informed me that there is a road allowance on the back side of our property if we wanted to go down to a smaller lot size but i...
Sub-division is allowed every 20 years here.This lot was divided 15 years ago and i have confirmed with the township that it is possible in 5 years to go as far as 1 acre lots.
yes she did withdraw from her RRSP. She has no investing experiance. I'm learning from her mistakes but unfortunatly im also worrying about her future she is 65 now with only 500k in equity to retire with so im trying to figure out things and help her how ever i can and use that as experiance...
i'm looking into this for my mother at the moment she recently bought a rental property but used her rrsp to pay for the down payment. so im assuming because she did it this way instead of using her heloc that she has just sitting there this may not benifit her. would paying the mortgage...
Thank you everyone for your feedback. I love research and am looking into everything that is being offered as advice i have ordered a copy of rich dad poor dad and once done that will move on to the next.
My plan is to sever the land into 5 acre plots keep 1 for ourselves and sell 2 in the 5 years we have to wait to be allowed to sever work on clearing building sites to make it an easier sale. We purchased this 15 acres for 38k market price is 50k. do you really think it should be sold right now...
I apoligise for my writing skills. I should probably put more effort into it when writing on forum.
Yes my credit card is paid in full every month.
I live in a small town near Peterborough, Ont.
My credit issues are from being young and stupid I've been paying for that...
initally while waiting for credit to come back it would be for monetary growth to increase captial to invest with in the future once we own a principal residence. I have all the time in the world to invest in our future i am a stay at home mom my husband is the earner in our household at this...
no we do not own our residence we only own vacant land and would like to build but at this time because of past credit we cant do this we have looked at trying to qualify to buy a house but a house big enough for our 5 kids and us is not in our budget and the ones that are i would just rather...
i have 20k to invest its not much but i figured its something that in time could grow what are some options for a first time investor with this little to start with?
i am looking or an investor to purchase a home for my family and i and allow me to do a rent to own through them we are relocating our business and need to move but cant qualify for a mortgage being self employed and not being in business long enough in the area we are looking or a 1-2 year...