Posted on
February 11/2019By
northwood
In an economy now largely defined by the rise of start-ups and e-commerce, creating demand for brick-and-mortar stores has become quite the challenge. As a business owner, it’s essential to ride out this change and find an anchor in the changing market. Whether your business is in the retail, corporate or industrial sector, the key to generating innovations is finding the right space to nurture your best ideas. So where do you go to design your latest product or set up shop to accommodate more customers? Acquiring a commercial building can be a smart investment for nurturing developments in the market, adding a nice finishing touch to your business plan. See how commercial mortgages are critical to a successful purchase of retail, office or industrial space to pose your business for success: Owning Trumps Renting Combined with the downpayment and other capital expenditures required to keep your business afloat, mortgage…
Posted on
February 04/2019By
northwood
Finding the perfect space for your business requires a keen sense of location. Where your business is located could easily make or break its name in the market, which is why prime real estate such as storefronts along busy streets or large expanses of land quickly skyrocket in value. For budding entrepreneurs, this can mean entering the race to finding the best terms for a commercial mortgage. The goal is to maintain low and steady interest rates on your commercial mortgage. This way, your business maintains a healthy cash flow. Find out how you can do that here: How to Lower Commercial Mortgage Interest Rates: Finding the Best Financing Option Commercial mortgage terms are contingent on the financing options that you select. Putting down a strategic amount of capital towards acquiring or leasing a commercial property will reduce the number of mortgage payments you will have to make, as well…
Posted on
January 28/2019By
northwood
Learning that your mortgage renewal in Ontario has been denied will make you feel frustrated or outright angry. But once you’re over the initial surprise or shock, the good news is that there are steps you can take to solve this problem. It’s not uncommon for a homeowner’s mortgage renewal in Ontario to be denied, and that means there are financial companies out there to meet your needs and help you renew your mortgage. Why has My Mortgage Renewal Been Denied? That’s probably the first question you’re asking yourself. There are many reasons for this and they are based on, for example, payment history, employment status, and your financial situation, including debt levels. Now, though, the best step forward is to explore how you can get your mortgage renewed quickly. Mortgage Renewal in Ontario If your current lender will not renew your mortgage, you have no choice than to look…
Posted on
January 23/2019By
northwood
Life can be complex, unpredictable, and exciting. At any point in time you may find yourself in need of a loan to pay for something important, such as an addition to your home, an unexpected repair, medical emergencies, or education tuition. What is a Second Mortgage? A second mortgage isn’t complex and, essentially, is what it says: it’s a secondary mortgage on your property. In other words, you are going to take out another loan on your house based on its equity and what you can afford. So with a second mortgage, you’re not refinancing your primary mortgage or borrowing more money on that primary mortgage. Instead, you are taking out a second, smaller loan in the form of a mortgage. Do I Really Need a Second Mortgage? Whatever the reason, a second mortgage in Toronto is one of the options that can be explored to fund your financial need.…
Posted on
January 15/2019By
northwood
If you need funds quickly, but don’t have cash in the bank and can’t get a loan, borrowing on your property is a good next option. In fact, getting a second mortgage in Toronto is usually cheaper than a loan because you are using equity in your home as security for the borrower. Second Mortgage in Toronto However, there are certain steps you can take to improve your chances of getting a second mortgage. If you have applied for a loan and been refused, you’ll know the reason why—and it’s most likely bad credit history. First, use one of the three main online credit bureaus to find out what your credit score is. By checking out your credit rating, you should be able to pinpoint the problem and possibly fix it. For example, if you are weighed down with credit card debt, find a way of paying it off. Or,…
