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Should You Buy or Lease Commercial Property?

Posted onMarch 24/2022By

At Northwood Mortgage, we understand how small business owners just like you are faced with dozens of questions every day that can make or break their entrepreneurial dreams. Among the most important decisions you must make is choosing whether to buy or lease commercial property. This article will help you make that decision by highlighting the various advantages associated with each option. What are the Benefits of Buying? Small business owners understand better than anyone else the importance of controlling where and how they work. When considering whether to buy or lease a commercial property, it pays to keep these…

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Updating Your Home to Grow Your Home Equity

Posted onMarch 21/2022By

Home “equity” is the portion of your property’s value that you own. As you pay down your mortgage, you build equity in your home. The more of your mortgage you pay off, the more your equity grows. Once you have paid off your mortgage in full, the value of your home is equal to its equity, thus giving you potentially hundreds of thousands of dollars in new purchasing power and borrowing capacity. At Northwood Mortgage, we want to help you maximize the value of your home. This article will show you how updating your home can grow your home equity…

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Everything You Need to Start Your Own Warehousing Business

Posted onMarch 17/2022By

Always in demand and offering great returns on investment, warehousing businesses are attractive to those looking to enter the commercial real estate market. At Northwood Mortgage, we want to help you achieve your small business dreams. This article will break down everything you need to know before starting your own warehousing business, beginning with the most important. You Will Need A Small Business Budget Warehouses might not be as expensive to maintain as other industrial structures like restaurants or gas stations, but that doesn’t mean you should skip important financial preparations. On the contrary, you must ensure your budget is…

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How to Pay Off Debt With Debt Consolidation in Canada

Posted onMarch 14/2022By

The pandemic has not been kind to Canadian households. In addition to the stresses of living in lockdown, personal debt levels have ballooned since March 2020. According to a report by Statcan, Canadian families were saddled with $2.5 trillion in debt one year into the pandemic. This financial burden is almost unbearable on an individual level. For every dollar each household makes, they carry $1.73 in debt. Are you currently struggling with debt? At Northwood Mortgage, we believe that every Canadian should feel confident knowing that help is always available. Let us be that help. This article will explain how…

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