• Taufeeq Rahim & Victor Sodia
(416) 566-2516 / (905) 699-7831
FREE PHONE CONSULTATION APPLY IN 30 SECONDS APPLY NOW EMAIL NOW / (905) 699-7831 (416) 566-2516
  • HOME
  • About Us
  • Our Difference
  • Mortgage Services
  • Service Areas
  • Mortgage Rates & Calculator
  • Frontline Workers And Healthcare Professional Program
  • Business Loans and Small Loans
  • REVERSE MORTGAGE
  • Testimonials
  • Interview
  • Blog
  • Contact us
  • Video
  • Current Promotions
Mortgage Services Milton ON
  • More choices at renewal time starting November 21st, 2024

    Author: Victor And Taufeeq | Nov 20, 2024 | 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

    Debt Consolidation Milton

      OSFI has announced that uninsured mortgage borrowers will be allowed to switch from their current lender to a new lender at renewal without requiring a stress test if they find a better product/rate with another lender. This change goes into effect November 21st,2024. Insured borrowers (those who put less than 20% down on purchase) have had option since early this year.   Currently the conventional mortgage borrowers must qualify at the stress test rate (which has been the contract rate + 2% mainly) to show they can afford the mortgage in the event rates went up.   This change, one that has been advocated…

    Read More


  • High Interest Non-mortgage debt?

    Author: Victor And Taufeeq | Jul 04, 2023 | 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

    Debt Consolidation Milton

    Many people may be in a situation where they have accumulated debts on high interest accounts such as credit cards and other credit sources.   The interest rates that are being charged on these loans may be quite high and may also be rising with the Bank of Canada interest rate hikes.

    Homeowners may have the ability to take advantage of some options that may alleviate the high carrying costs and create a better cash flow on a monthly basis.   These options may be used to help pay these debts off sooner rather than later or help with monthly expenses that have risen in the current inflationary market.

    Read More


  • Difference between ARM and VRM Mortgage Products

    Author: Victor And Taufeeq | May 19, 2023 | 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

    Debt Consolidation Milton

    What is the difference between an ARM (Adjustable rate mortgage) and a VRM (Variable rate mortgage)?

    This is a great question and one that has become extremely relevant over the past few years.  Both options are tied to the lender’s Prime lending rate.  For example, you may receive an option for your mortgage rate to be “Prime minus 1%”, this simply means that your mortgage interest rate would be the lender’s Prime rate minus 1%.  If the Prime lending rate was 6.7%, your effective interest rate would be 5.7% (6.7% - 1%). 

    Read More


  • Is it possible to purchase a home with no money down?

    Author: Victor And Taufeeq | Apr 18, 2023 | 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

    Debt Consolidation Milton

    There is technically a way to do this, purchase with completely borrowed funds.

    Down payment is required of at least 5% of the purchase price if the property is $500,000 or less.

    Read More


  • Reverse Mortgage / No Monthly Payments Home Equity Loan

    Author: Victor And Taufeeq | Oct 31, 2022 | Categories: best mortgage rate , mortgage rates , variable rate , 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

    Debt Consolidation Milton

    With the increase of interest rates and inflation, many consumers are feeling the effect of increased prices and cost of living.  There may be a solution that can help without the burden of an additional monthly payment.  In fact, in many cases, not only is there no additional monthly payment but the existing monthly payments may be erased as well.  The result is a much needed stress relief and the ability to live at the lifestyle that we have been accustomed to while at the same time age in our own home.  The Reverse Mortgage may be the answer and the process is very simple.

    Read More


  • Should I lock in my mortgage rate, or should I stay with my variable rate?

    Author: Victor And Taufeeq | Apr 14, 2022 | Categories: best mortgage rate , mortgage rates , variable rate , 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

    Debt Consolidation Milton

    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.

    Read More


  • Short term real estate financing solution for investors and home flippers

    Author: Victor And Taufeeq | Jan 21, 2022 | Categories: best mortgage rate , mortgage rates , variable rate , 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

    Debt Consolidation Milton

    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.

    Read More


Tags

  • 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

Recent Posts

  • More choices at renewal time starting November 21st, 2024
  • High Interest Non-mortgage debt?
  • Difference between ARM and VRM Mortgage Products
  • Is it possible to purchase a home with no money down?
  • Reverse Mortgage / No Monthly Payments Home Equity Loan
  • Should I lock in my mortgage rate, or should I stay with my variable rate?
  • Short term real estate financing solution for investors and home flippers
Each office independently owned and operated Head Office: 5675 Whittle Rd, Mississauga, ON L4Z 3P8.
Join our mailing list
Copyright © 2025 - Taufeeq Rahim & Victor Sodia
Privacy Policy
Mortgage Services Milton ON
Mortgage District
Powered By Mortgage Architects FSRA 12864
Each office independently owned and operated
Taufeeq Rahim & Victor Sodia
Copyright © 2025
Privacy Policy
Each office independently owned and operated
Head Office: 5675 Whittle Rd, Mississauga, ON L4Z 3P8.
Join our mailing list
Mortgage Services Milton ON
Mortgage District
Powered By Mortgage Architects FSRA 12864
Each office independently owned and operated
  • FREE PHONE CONSULTATION
  • APPLY IN 30 SECONDS
  • APPLY NOW
  • HOME
  • About Us
  • Our Difference
  • Mortgage Services
  • Service Areas
  • Mortgage Rates & Calculator
  • Frontline Workers And Healthcare Professional Program
  • Business Loans and Small Loans
  • REVERSE MORTGAGE
  • Testimonials
  • Interview
  • Blog
  • Contact us
  • Video
  • Current Promotions