Unfortunately, at this time there isn’t sufficient equity to refinance. When you refinance, the mortgage can’t exceed 80% of the value. If you sell, you need to ask yourself, will you qualify to purchase in the future? Allot has changed since 2008. Many people who got a mortgage before Nov 1st...

Hello RANDLK, if you are now living outside of Canada, lenders will treat you as a non resident for any future lending. Residency is defined by where you work not citizenship. So, first you need to confirm that the country you are living in is on the approved lender list. Second, you need to...

Hi Chris, I encourage you to reach out to Vine Group, as we are the trusted mortgage experts for REIN Finance Center. We can be reached by email at solutions@vinegroup.ca or by calling 1-844-411-Vine(8463). Once we have assessed your goals, we would assemble the appropriate local team to advise...

Hi, Lenders hold their rates based on the date they receive the file. Best Regards, Vine Group

Hi, I appreciate that was what you were told, but most lenders underwrite files as they are received. They don’t pick purchases over refinancing or switches. High volume can slow down the response time from the lender, but the interests rate hold period is set the second the application is...

Hi, Unfortunately, the broker didn’t submit the mortgage immediately and rates changed. The rate hold is set once the mortgage is submitted, it’s not based on the underwriting turnaround time. We could look at offering 2.49% for 5 years. You should consider variable rates as low as 2.30%. Also...

Hi Stevens, I encourage you to reach out to Vine Group. We can be reached by email at solutions@vinegroup.ca or by calling 1-844-411-Vine. Once we have assessed your goals, we would assemble the appropriate local team to advise you to how best meet your financial needs. Best Regards, Vine Group

Hi, The new rules don't affect you as an investor. Lenders who support rent to own haven't changed how they qualify investors. The impact will be on the rent to own tenants. Many are expecting to qualify with high ratio. If the qualifying rate increases, they could be priced out of the market...

Hi, Your accountant will be able to give you the tax advantages and disadvantages. Your Lawyer will be able to give you the legal benefits. But, potentially one of the BIG disadvantages of being incorporated is accessing mortgage financing which gets more difficult. To best answer incorporate...

I encourage you to reach out to Vine Group. We are REIN Canada's trusted mortgage experts. We can be reached by email at solutions@vinegroup.ca or by calling 1.844.411.Vine. Best Regards,

Hi, The legality of a Power of Attorney (PA) is a legal question and I’d advice you to reach out to your lawyer. Let me know if you need a referral? 1 - That being said, even with a legal PA, if you are on title of the property “A”, you may run in to difficulty if at any point your brother...

I encourage you to reach out to VINE Group. We are REIN Canada’s trusted mortgage experts and specialize in working with investors. We fund over 300 million annually, and our team has over $2.5 billion in lending experience. We can be reached by e-mail at solutions@vinegroup.ca, or by calling...

Hi Tony, Please feel free to reach out to Vine Group. We are REIN Canada's trusted mortgage experts and specialize in Rent to Own lending. We can be reached by email at solutions@vinegroup.ca or by calling 1.844.411.Vine or visit our website www.vinegroup.ca. Best regards,

A Home Equity Line of Credit (HELOC) with a bank can only be up to a maximum of 65% LTV. Some credit unions will consider 80% LTV. HELOCs are always prime or prime plus. The average interest rate is prime plus 50 bps (0.50%). At times, banks may waive the fees, but they are not usually very high...