https://www.realty.truewealthadvisors.ca/category/private-mortgages/ Recent content in private-mortgages on True Wealth Advisors Hugo -- gohugo.io en-ca Mon, 16 Oct 2023 05:00:30 +0000 https://www.realty.truewealthadvisors.ca/2023/10/qualifying-for-a-prime-rate-alternative-or-private-mortgages-the-pros-cons-of-each/ Mon, 16 Oct 2023 05:00:30 +0000 https://www.realty.truewealthadvisors.ca/2023/10/qualifying-for-a-prime-rate-alternative-or-private-mortgages-the-pros-cons-of-each/ Qualifying for a Prime Rate, Alternative Or Private Mortgages. The Pros & Cons of Each Introduction: In this podcast transcript, hosts Seun Adeyemi and Arthniel Lichmore delve into the topic of mortgages, specifically discussing the differences between prime rate lenders and alternative lenders. They analyze a client scenario where the broker recommended an alternative lender, while the client found lower rates at a traditional bank. The hosts aim to shed light on why brokers may suggest alternative lenders and whether borrowers are being tricked into higher interest rates. https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Thu, 11 May 2023 14:28:09 +0000 https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Legal Ownership Vs. Beneficial Ownership. What’s The Difference And Why Is It Important? In a previous article, I talked about joint ownership in non-spouse situations, the two most common types of joint ownership, and why it’s crucial for investors to know and understand the differences. In this article, I’m going to address the difference between legal ownership and beneficial ownership because not understanding those two terms can lead to potential landmine issues when it comes to estate planning for joint owners of a property. https://www.realty.truewealthadvisors.ca/2023/04/joint-ownership-and-owning-real-estate-property-in-non-spouse-situations/ Tue, 25 Apr 2023 14:25:11 +0000 https://www.realty.truewealthadvisors.ca/2023/04/joint-ownership-and-owning-real-estate-property-in-non-spouse-situations/ Joint Ownership And Owning Real Estate Property In Non-Spouse Situations When it comes to owning real estate property, there are different ownership options available. Joint ownership, also known as co-ownership, is one of the most popular ways of owning real estate property. Joint ownership allows two or more individuals to share ownership of a property, and it is not limited to spouses alone. Joint ownership can be between any two or more individuals, such as family members, friends, business partners, or even strangers. https://www.realty.truewealthadvisors.ca/2023/04/are-you-ready-to-buy-your-first-investment-property/ Mon, 17 Apr 2023 14:20:36 +0000 https://www.realty.truewealthadvisors.ca/2023/04/are-you-ready-to-buy-your-first-investment-property/ Are You Ready To Buy Your First Investment Property? There’s no doubt that investing in property has the potential to yield significant financial returns, which is why so many people are interested in this type of investment. But when is the right time to buy an investment property? Let’s explore that question together. First and foremost, it’s important to realize that investing in real estate is not for everyone. It takes a significant amount of time, effort, and money to purchase, maintain, and rent out a property. https://www.realty.truewealthadvisors.ca/2022/11/first-time-home-buyers/ Tue, 29 Nov 2022 14:14:47 +0000 https://www.realty.truewealthadvisors.ca/2022/11/first-time-home-buyers/ Our firm works with a network of lenders, appraisers, lawyers to help you from start to finish when it comes to purchasing your first home. As a first-time home buyer, you probably have many questions or are not quite sure what to start or even what options are available for you. Here is a step-by-step guide. 1. Get a Pre-Approval This should be your first step and we can assist you with this. https://www.realty.truewealthadvisors.ca/2022/11/home-equity-line-of-credit-heloc/ Mon, 14 Nov 2022 14:09:27 +0000 https://www.realty.truewealthadvisors.ca/2022/11/home-equity-line-of-credit-heloc/ Home Equity Line Of Credit (HELOC) Using Your Home’s Equity to Invest This concept has been very instrumental to helping many of our clients build their wealth through real estate. A HELOC is an alternative way to borrow against the equity in your home, providing you with credit that can be used in various ways. For the disciplined and forward-looking investor, it positions you to take advantage of real estate buying opportunities as they become available. https://www.realty.truewealthadvisors.ca/2022/11/purchase-plus-improvement-mortgage/ Mon, 14 Nov 2022 14:05:22 +0000 https://www.realty.truewealthadvisors.ca/2022/11/purchase-plus-improvement-mortgage/ Purchase Plus Improvement Mortgage Many buyers when searching for homes for their families often have to either settle for a home that is really “not up to snuff” or they buy a home that is a bit out of their budget. I have often said that just because a mortgage broker says your maximum purchasing price is X doesn’t mean that X is actually an affordable mortgage for you, when you consider all your other non-housing expenses. https://www.realty.truewealthadvisors.ca/2022/10/meet-the-face-behind-true-wealth-advisors/ Mon, 10 Oct 2022 13:59:17 +0000 https://www.realty.truewealthadvisors.ca/2022/10/meet-the-face-behind-true-wealth-advisors/ Meet The Face Behind True Wealth Advisors I’m Seun Adeyemi, the proud owner of True Wealth Advisors. I look forward to sharing my story. I hope that you will enjoy getting to know me better. After making a mess of my finances in 2008, I realized how little I knew about money. It led me to search for knowledge on how to grow rich. I didn’t have a coach to show me the path to financial literacy.