There are many different options. To identify the best lender, we would need to complete an application. Good place to start is your personal bank or local credit union. If we can help you out in any way, please email us at solutions@vinegroup.ca.

If the terms and rate are the same for 25 years or 30 years amortization, I always recommend the 30 years. First, you should be able to accelerate your payments and reduce the amortization to 25 years in the future. This gives you the ability to manage cashflow. Second, as your portfolio grows...

Hi Jack, Feel free to email solutions@vinegroup.ca and we can help you out. :)

I understood the question was Michael taking a mortgage on behalf of his son. Not guaranteeing a mortgage for his son. As a co-signer, its less of a concern because the insurer and the lender will have to approve the terms in advance. Nevertheless, I recommend seeking legal advice.

You need to understand that you will be signing two declarations. First, you will be signing that this condo is your primary residence (10% insured mortgages don’t allow for rentals). Second, that there is no third-party beneficiary. I recommend you review this with the lender and understand...

I would recommend you complete an application, http://www.vinegroup.ca/index.php/mortgage_application, and assess your options. Ideally, we would refinance the existing home and pay the debt plus access the 5% down payment in to new home. Real Estate is a long-term play. If you can hold on to...

Essentially local credit unions are the best option. You can find better LTV and rates with the local credit unions. A lot of files end up at 50 LTV. Banks and most privates typically stay clear of this space unless you have other collateral.

Hi Chris, Send us an email solutions@vinegroup.ca and we can connect you to one of our experienced mortgage brokers. Looking forward to hearing from you.

We have an export in non-resident financing. "B" lenders may not be the best option. There are still very good "A" lender programs for non-resident buyers. I invite you to reach out to VINE Group, solutions@vinegroup.ca, and we'll connect you with Chris.

I agree, commercial real estate is a good way to avoid the 15% non resident tax and the financing is treated the same for non-resident and resident.

The non-resident tax is for all of Ontario not just the GTA. The impact isn’t clear but there are signs of some price corrections in the GTA and parts of the rest of Ontario. Non-resident lending is available with a minimum 35% or up to 50% down payment. At VINE Group, we have an expert in...

Hi! Try Peter Kinch at peter@peterkinch.com and/or Jason Cattermole at jason@vinegroup.ca.

Hi! You can contact Peter Kinch at peter@peterkinch.com and/or Jason Cattermole at jason@vinegroup.ca.:)

At this time with the market as it is and Home Trust effect on the overall Alternative Lending segment. You may or may not qualify for a high interest rate mortgage. As newly self-employed, lenders normally want to see a 6 – 12 month bank deposit history as proof of income and servicing the...

A HELOC or refinancing into a new mortgage are usually the best options. We would need to know more to better advice you. For example, is there an existing mortgage? If there is, what are the mortgage terms regarding refinancing? Is a HELOC allowed behind this mortgage? I would recommend setting...

Hi Chris. Please see my reply to your questions. I hope this helps. The bank would consider the market rental income when completing your credit application. Moving back into your home doesn’t eliminate capital gains. You will have to pay the capital gains for the appreciation value of the...

Unfortunately, not all banks are good at updating their clients on renewal. I would recommend your friend go to the bank immediately and review the renewal options. Also, if the plan is to refinance, this process can take 2 – 4 months. Keep that in mind when renewing so he or she is not locked...

Hi. You can contact Peter Kinch peter@peterkinch.com and/or Jason Cattermole jason@vinegroup.ca.

Most banks offer short term rates including a 1 year term. I'd recommend he inform TD of the intention to sell. TD may be able to structure a short or open term loan.

Not all lenders will allow you to port to an existing property. So, I recommend you contact the lender and ask if your mortgage is portable to your existing home. If they allow you to port it, you would not have to pay the penalty, but you may need to pay the discharge and registration fees...