Dustin Vyner

Meet ‘Mortgage Default Insurance’! ... #TorontoMortgages #OntarioMortgages #MortgageBroker #TorontoMortgageBroker #TorontoLender #OntarioLender #MortgageLender #HST #Mortgages #DownPayment #Premium #TorontoRealEstateAgent #RealEstateAgent #VaughanRealEstateAgent #OttawaRealEstate #Realtor #RealEstate #Vaughan #Toronto #Ontario #Ottawa #Burlington #Scarborough #Whitby #ThunderBay #NorthBay #NorthYork #Muskoka #NiagaraFalls #DVCapitalCorporation See more

Don’t forget about Land Transfer Tax! #LandTransferTax #TorontoRealEstate #TorontoRealtor #VaughanRealEstate #VaughanRealtor #CreativeFinancing #MortgageSolutions #MortgageBroker #MortgageLender #MortgageAgent #TorontoMortgage #TorontoMortgageBroker #AlternativeMortgages #HomeEquityLoans #SecondMortgage #Toronto #Ontario #Mississauga #Brampton #Etobicoke #Markham #Scarborough #Oakville #Ottawa #Burlington #Hamilton #Sudbury #NorthBay #Whitby #DVCapitalCorporation

Mixed-Use Property. A mixed-use property is an asset class that consists of both residential and commercial units and uses. A typical example of a mixed-use property is when the property has retail units on the storefront level with residential apartment units on the upper levels. Although your property might have residential units and uses, your property will fall into the realm of commercial mortgage financing. Unlike purchasing a residential property and providing a down... payment of as little as 5% - 20%, you will need to inject as much as 25% - 50%. Similarly, if you are looking to refinance or utilize the equity in your mixed-use property, you will be limited to borrowing up to 75% of the property value. Keep in mind that although 65% is the typical benchmark, this amount varies subject to the strength of the real estate and guarantor. The mortgage application and supporting documents that you will be required to prepare vastly differ from a residential mortgage. You also want to keep in mind that the overall process for financing a mixed-use property is lengthier. One example is that an appraisal will typically take longer to complete for a mixed-use property than appraising a cookie-cutter home in a residential subdivision. It usually takes longer to assemble supporting documents such as financial statements, environmental reports, income tax returns, and rent rolls. Turnaround time, debt coverage, the strength, and experience of the guarantor, environmental concerns, as well as the property location and condition are factors that will make or break your mortgage approval, especially with conventional lenders. Regardless of being turned down elsewhere, speak with a mortgage professional to help understand all of your options. You might be surprised to learn just how well a broker can simplify and expedite the financing process. Although a short-term solution, non-bank financing is incredibly efficient and purposeful to close on a purchase transaction or obtain funding without the red-tape.

I’ve began my TikTok journey! Stay tuned for a new type of content I will be posting; fun, entertaining, and #resourceful TikToks all about mortgages. #TorontoMortgageBroker... #OntarioMortgageBroker #OntarioLender #TorontoLender #MortgageBroker #MortgageLender #AlternativeFinancing #TorontoRealEstate #HomeEquityLoans #PurchaseFinancing #FirstMortgage #SecondMortgage #Refinance #Realtor #Mortgages #Toronto #Ontario #Vaughan #Oakville #Ottawa #TikTok #GTA #Barrie #Hamilton #Kingston #Sarnia #Haliburton #Guelph #DVCapitalCorporation See more

CRA Issues. Although you are well aware of the importance of filing and paying income taxes before the deadline, sometimes 'life happens' when we are least prepared. Job loss, health complications, and a delicate financial situation might interfere with handling debt obligations on time. Although you might feel 'relief' by avoiding the underlying issue, this feeling of 'relief' is very much temporary. ... If you are behind one or more years of income tax filing, allowing your tax debt balance to accumulate, or have not remitted GST/HST as a business owner, delaying matters will prove to be very costly. You run the risk of potentially having your wages garnished, your bank account and other assets seized, and potential criminal charges. When applying for a conventional mortgage, you will be required to provide copies of your recent Notice of Assessments. Your NOA will not only illustrate your reported income but will also confirm whether or not there is an outstanding balance owed to the CRA. If you are self-employed and not GST/HST-exempt, you must show proof of your remittances. As you can tell, the tale about paying the taxman is very much real and relevant when it comes to mortgage financing. Regardless of your bank not willing or able to assist you, rest assured that alternative financing solutions exist and that your mortgage broker will go the extra mile to secure you the financing needed to help you move ahead. #TaxProblem #CRA #CanadaRevenueAgency #TaxDebt #TaxLien #NoticeofAssessment #SelfEmployed #HST #Mortgage #MortgageBroker #MortgageFinancing #TaxFiling #Ontario #Vancouver #Toronto #BritishColumbia #HomeEquity #HomeEquityLoan #SecondMortgage #BridgeLoan #IncomeTax #TaxSeason #TheCRA #TorontoMortgage #TaxProfessional #TorontoMortgageBroker #VancouverMortgageBroker #DVCapitalCorporation

Thank you @MortgageProsCan for arranging an excellent virtual trade show! One benefit of working with a Mortgage Broker is the fact that they have access to multiple private financing sources including individual investors and Mortgage Funds, such as Mortgage Investment Corporations (MIC). Regardless of the property location, property type, the applicant's income and credit profile, the purpose, size, and timing requirement of the requested mortgage, your broke...r will tailor you a mortgage that fits best. #MortgageBroker #HomeEquityLoan #DebtConsolidation #MortgageFinancing #RealEstateFinancing #PrivateLender #PrivateMortgage #SecondMortgage #AlternativeFinancing #BridgeLoan #ConstructionLoan #CRE #CommercialRealEstate #MortgageLender #PrivateMortgageBroker #PrivateMortgageLender See more