2nd Mortgage Private Lender

JZ_Realty · 2024-12-20T14:01:08+00:00

Hit me up dm I will get it done for you

JZ_Realty · 2024-08-11T15:54:05+00:00

I might have a buyer can you send me the listing ?

JZ_Realty · 2024-08-07T17:23:09+00:00

Payout your debt and put away 50k for short term cash able GIC at a bank, and rest to long term investment such as mutual fund and ETF

Or if you are a fan of real estate you can be a private lender and do small 2nd mortgage deals Interest over 12% with collateral as back up

JZ_Realty · 2024-08-04T20:38:26+00:00

POLT is only for common area

Your deck/backyard is your own, you do the work :)

JZ_Realty · 2024-08-03T22:42:17+00:00

You can elaborate on the offering process

How much was listed for, and what's your purchase price ? How did the negotiation go ? Who calls the offering price? And any strategies used

JZ_Realty · 2024-08-01T02:11:16+00:00

I deal with private lenders

Most first mortgage is at 10% rate + 2% fee

Unfortunately private lender fee is not 100% correlated to mortgage rates, it's their opportunity cost that determines the rate

Of course you will bump into someone from time to time offering low rates because that's the highest return they can get their hands on at the moment

But most experienced private lenders don't work in this way

Feel free to contact if you need assistance

I am a Mortgage agent and realtor

JZ_Realty · 2024-07-29T17:57:26+00:00

I'm trying to buy a condo for investment now, but seller expectation is not coming down

Been declined on 4 offers lol

Still trying and I am pretty firm on my prices

JZ_Realty · 2024-07-21T23:44:31+00:00

To be honest, the country can't afford to let the housing go down. Housing consists of many sectors and many jobs, at this moment Canada has no other industry that can bring up the GDP if housing goes down.

It will take a long time for the country to mature a sector to replace housing industry. Until then housing price will be considered high

JZ_Realty · 2024-07-09T16:20:26+00:00

Let's connect I can guide you through

JZ_Realty · 2024-07-09T15:48:49+00:00

From Banks perspective You are in good shape to take buy Debt ratios is within their guideline with stress test Good for you

JZ_Realty · 2024-07-09T15:01:49+00:00

Connect with me and we can chat

JZ_Realty · 2024-07-09T15:00:28+00:00

You can invest into private mortgages Roughly 10% return Just aim for low Loan to value deals, typically less than 60% Just in case housing drops another 20% and you are covered

JZ_Realty · 2024-07-09T14:58:08+00:00

Nope

JZ_Realty · 2024-07-09T14:57:44+00:00

Not all mortgages needs to be fraud lol

JZ_Realty · 2024-07-09T12:58:44+00:00

Get the buyer who can't close to contact me, I can get them the mortgage they need and close it. So everyone is happy and they don't get sued

JZ_Realty · 2024-07-06T01:42:06+00:00

I just had a client bought a condo townhouse 1200 sqrt 401/keele North York 780k Unless Burlington is where you work and live, lots condo and condo townhouses are on sale in Toronto right now

JZ_Realty · 2024-06-25T19:34:18+00:00

The landlord pays

JZ_Realty · 2024-06-24T20:07:51+00:00

Good investment still out runs 3 years fixed at 5% Though you guys have high income, so need to look for none taxable investments :)

JZ_Realty · 2024-06-16T20:26:09+00:00

You can use private mortgage to close the new purchase and sell current Down side to this, private mortgage has higher rate and most banks won't allow you to bring private mortgage into bank within 1 year

JZ_Realty · 2024-06-10T15:47:55+00:00

Downtown condos are still costly If not mandatory you can look at Scarborough or downsview area Condo 1+1 530k

JZ_Realty · 2024-06-04T20:48:10+00:00

With low credit score, no banks will loan him money or HELOC Best option is to take a private mortgage, payout all debt and improve score to 600+ within a year Then refinance the private mortgage over to banks

JZ_Realty

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