This is a great question, and is on the minds of many mortgage holders. The answer is not so simple and may not have such a simple answer as “Yes” or “No”. Let’s analyze what may be involved in this decision. The best decision will be the one that you can live with and be comfortable with.
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Should I lock in my mortgage rate, or should I stay with my variable rate?
Author: Your Lifestyle Mortgage | | Categories: best mortgage rate , mortgage rates , variable rate , your lifestyle mortgage , alternate flip financing , buy and sell homes , CMHC Insurance , Easy Mortgage Approval , First Time Buyer Mortgage , fixed rate , flip financing , flip property , Flip property Toronto , High Ratio Mortgage , hot housing market , Lowest Mortgage Rate , MDI , Mortgage Agent , Mortgage Approval , Mortgage Broker , Mortgage Default Insurance , Mortgage Features , Mortgage Insurance Premium , Mortgage Penalties , Mortgage Refinance , Mortgage Renewal , Mortgage Services , No Money Down Mortgage , Private Mortgage , property flip ontario , property flipping , real estate investor , Reverse Mortgage , Self Employed Mortgage , seller's market , Short term flip financing
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Short term real estate financing solution for investors and home flippers
Author: Your Lifestyle Mortgage | | Categories: best mortgage rate , mortgage rates , variable rate , your lifestyle mortgage , alternate flip financing , buy and sell homes , CMHC Insurance , Easy Mortgage Approval , First Time Buyer Mortgage , fixed rate , flip financing , flip property , Flip property Toronto , High Ratio Mortgage , hot housing market , Lowest Mortgage Rate , MDI , Mortgage Agent , Mortgage Approval , Mortgage Broker , Mortgage Default Insurance , Mortgage Features , Mortgage Insurance Premium , Mortgage Penalties , Mortgage Refinance , Mortgage Renewal , Mortgage Services , No Money Down Mortgage , Private Mortgage , property flip ontario , property flipping , real estate investor , Reverse Mortgage , Self Employed Mortgage , seller's market , Short term flip financing
If you are a real estate investor who is into buying and selling properties (flipping homes for profit) and do this full time then you know it is a very arduous process when securing a short term mortgage through a traditional bank type lender.
This is simply because the traditional bank type lender is designed to operate their business with long term return on investment in mind. Also, the guidelines they function under requires fully underwritten applications involving credit, income, debt, and documentation review.
