Step One: Marry supper rich
Step Two: Get divorce with giant settlement
Step Three: Dont need a mortgage, buy what you want
Posted 04 December 2020 - 07:37 AM
Step One: Marry supper rich
Step Two: Get divorce with giant settlement
Step Three: Dont need a mortgage, buy what you want
Posted 04 December 2020 - 08:12 AM
Marry breakfast rich--it's the most important meal of the day.
Posted 04 December 2020 - 08:14 AM
Edited by Victoria Watcher, 04 December 2020 - 08:18 AM.
Posted 04 December 2020 - 01:55 PM
Well, there was the whole I and not we in every one of my posts.
Yes, I’m doing it solo. If I had a co-signer, self-employed or mot, it would be night and day. Banks like to de-risk by having more than one individual responsible for a mortgage, even if it’s a 1% co-signer, and that gives couple-applicants or people with a parent co-signing a massive advantage over single applicants.
Posted 04 December 2020 - 02:01 PM
Well, there was the whole I and not we in every one of my posts.
Yes, I’m doing it solo. If I had a co-signer, self-employed or mot, it would be night and day.
There is self-employed and there is self-employed. If you have a physical location, established business and consistent salary for an extended period of time that is one thing, if you work freelance selling intellectual capital without consistent revenue that is another.
Posted 04 December 2020 - 02:33 PM
The odd thing I find about mortgages is equity/assets almost seem to be a non-factor. Banks will rather lend to someone at 95% loan to value that has a government job than someone that is 50% loan to value and self-employed.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
Posted 04 December 2020 - 03:22 PM
So now you say being self employed isn’t the issue? It’s hard to keep up, lol.
Matt.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 04 December 2020 - 03:23 PM
The odd thing I find about mortgages is equity/assets almost seem to be a non-factor. Banks will rather lend to someone at 95% loan to value that has a government job than someone that is 50% loan to value and self-employed.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 06 December 2020 - 04:59 AM
HSBC has come out with a variable rate mortgage at 0.99 per cent, which industry watchers believe is the first such posted offer below 1 per cent ever in Canada.
The lender announced a promotion on Friday offering the rate to high-ratio, insured mortgages only — meaning it is only for buyers with less than 20 per cent down, who will then have to pay to insure their mortgage, which protects the lender in case of default. The offer is for a five-year closed term — though the rate, of course, may vary up or down over that time, as it's tied to the bank's prime lending rate.
https://www.cbc.ca/n...-hsbc-1.5828934
Edited by Victoria Watcher, 06 December 2020 - 04:59 AM.
0 members, 0 guests, 0 anonymous users