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Read this morning that through intense lobbying by the mortgage industry ( some one got through to someone to talk sense into them)the govmit suspending the 7% rule this should put some downward pressure on Investor ...
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Hello everyoneRecently i've been bitten by the real estate investment bug. I have been reading lots of material and learning as much as possible. BP has been a great help! Loving all of the articles, podcasts etc. For...
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How difficult is it as a Canadian to get a mortgage in the USA? What makes it extra difficult for me already as a Canadian, is that I am also self employed, and lending for me has been particularly difficult.As well,...
Currently got quoted for an interest rate of 6.25% with a 8.25% APR for the mortgage loan. My current credit score is at a 780. My question is, is that a good rate or a normal rate to be at in the current market of No...
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This is by no means all of the guidelines..... Just some basics. This past month FHA has gotten much more strict and fine tuned their guidelines. Single Family Residence or The rental units are an owner-occupied two (...
Hi,
Background : I work in one of the tech companies in the bay area. I currently live in a rental unit 10 mins away from work which costs about $1600 per month including utilities. Pre-pandemic this was $2000. So it...
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i recently got Permanent residency in Canada and my household income is 166k CAD (mine 85k CAD and spouse 81k CAD per annul). Currently i am staying in basement rental(1700 CAD) with my husband. CIBC bank pre-approved...
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What is the best interest rate you can expect to get right now for a single family primary residence conventional loan?
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Hi BP,I'm trying to understand the new San Diego short term vacation rental ordinance that will go into effect July 1, 2019.§510.0103 Short Term Residential Occupancy Regulated A dwelling unit may not be used for shor...
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I have some questions that I hope the BP community can answer for me.My elderly father has just moved into in a retirement home. He is weighing the pros and cons of selling versus renting out his home in the GTA. He o...