Posted on
October 14/2020By
northwood
Owning a commercial space is a great investment opportunity. You can count it among your business assets and even rent some of the space to bring in some extra revenue. However, a commercial mortgage can be quite different from a residential mortgage. The process of applying and securing a commercial mortgage often includes assessing the investment, selecting a location and property, finding the right mortgage professionals to help with the purchase, and applying for the mortgage. There are also several options when seeking a commercial mortgage, including a real estate mortgage, working capital loan, or a line of credit, among…
Posted on
October 07/2020By
northwood
One of the concerns that new home buyers have is about how much they need for a down payment. The truth is that many people don’t have as much as they think to make their homeownership dreams come true. How much you need for a down payment depends on what you currently have saved and what you want to spend on a home. Most people believe that a down payment for a home should be 20 percent. This can leave some would-be homebuyers feeling discouraged, but the truth is that you don’t need a large down payment. While it’s in…
Posted on
September 28/2020By
northwood
Investing in a rental property can be a great way to build equity and secure a regular income. However, there are some ways that you can get even more from your investment. There are 3 main ways that you can see more profit from your investment property. These include an increase for your rental, a rise in the property value, and revenue from business operating on your commercial property. The Benefits of Investment Properties There are many reasons why people opt to buy real estate. Owning property other than the home you live in can be a reliable source of…
Posted on
September 21/2020By
northwood
Have you received your first mortgage renewal letter yet? Before you sign it, there are a few things you should know. Your mortgage will need to be renewed at the end of each term, which is usually 5 years. At this time, your lender will send you a letter with their proposed words. However, you don’t have to accept those terms. You might be able to get better conditions if you put in a little effort. Mortgage Renewal When your mortgage term ends, and you sign up for a new one, which is called a “mortgage renewal.” Renewing your mortgage…
Posted on
September 14/2020By
northwood
Buying a home is a big deal, especially if you have only ever rented your home. Having a house to call your own is a dream for many people. But when can you be sure that you are ready for a first-time mortgage? Here are some signs that will let you know you are prepared to own a home. 5 Signs it’s Time to Buy a House It is understandable if you don’t want to jump into buying a home, but if you are looking forward to the day when you stop paying your landlord’s mortgage and start paying your…
