Tip #4: Replace expensive debt with cheaper debt.
Although the rates are rising, the cost of secured debts such as mortgages and lines of credit remains relatively cheap within the bigger scheme of things. One option to create capacity within your budget is to replace expensive debt with cheaper debt. Let’s say you have a car loan with a monthly payment of $1200, […]
Tip #3: Extend the amortization of the mortgage or a loan.
If you have two loans of the same amount—one at a lower rate but shorter amortization and the other at a higher rate but longer amortization—you will see that your payment on the first loan would be higher. Having said that, your interest savings would be bigger because you are paying off the loan over […]
Tip #2: Consider switching to a capped variable rate.
A few lenders on the street offer a capped variable rate option. Under that option, as the prime rate that impacts variable rate rises, your monthly mortgage payment stays the same, the percentage of payment that goes toward principal declines, and the percentage of payment that goes toward interest increases. This is a good option […]
Tip #1: Don’t let the fear and the noise surrounding us these days make you rush into locking a 5 year fixed rate mortgage.
As you may have heard us say many times, variable rates mortgages have a lot of advantages for investors. Variable rate mortgages are usually much easier and cheaper to break, and therefore offer flexibility real estate investors need. Fixed rate mortgages on the other hand tend to be more costly to break. So really watch […]
BoC rate hike was extreme, however DON’T PANIC, we have a few suggestions!
I am sure you have all heard of the BoC announcement today!… No one saw those extra 25 basis points coming, but of course, it’s been loud and clear that they are planning to increase rates, so from that respect, no one is surprised. I am not going to offer you predictions on where the […]
Adapt & Thrive: Expert Interview with Sarah Larbi
We share with you perspectives from expert investors. In this interview with Sarah Larbi, we touch upon: How is she currently managing cashflow? Why isn’t she panicking? Where does she see opportunities? What one tip she would offer investors today?
Where Should I Invest? Podcast: Multi-Unit Commercial & Residential Financing 101
In this episode Dalia teaches us about the ins and outs of multi-family financing. She walks us through the difference between residential and…
Treadstone Law Video Podcast: What Few Real Estate Investors Know w/ Dalia Barsoum
Where to Invest: Finance & Investing Lessons from a Mortgage Expert
Are you a real estate investor looking to sharpen your skills? Or a newbie, looking to become one? You’re in the right place!
Well Off Podcast: Everything You Need To Know About Mortgages with Dalia Barsoum
Award winning mortgage broker Dalia Barsoum shares her incredible story and discusses the following:
Growing up in the Middle East
Living through the Gulf…
