In law, inter alia is a Latin term used in legal proceedings, which means “among other things.” In the financial world, an inter alia is a mortgage secured by more than one property. A single mortgage document is executed and registered against each property that is used as security.
A Foreclosure is a legal action that a lender can take if a person or company who borrows money using a mortgage stops making payments on the mortgage or violates any terms of the mortgage like “example” outstanding property tax or fire insurance policy that elapses etc.
Usually, when people file a consumer proposal, it is to assist them with debt consolidation by restructuring it all into one manageable payment. Once they’ve done this, homeowners usually see significant cash flow relief but still have this monthly bill looming over them.
If you are living in British Columbia and are looking for debt load relief by paying out your consumer proposal early, then keep reading!
One of my favorite challenges being a mortgage broker is to work alongside a client who has already been told no. Either by their banks or another mortgage specialist. A file that comes to mind is a client that resides in Surrey who was informed by his primary bank that because he was 7 months out of a Consumer Proposal, they would not be able to support him with any type of mortgage products.
Income taxes are due April 30th at midnight for most Canadians,
but what if you missed it or skipped it?
Tax Time 2015 This answer varies depending on whether or not you owe taxes.
You can still file them after the deadline but penalties may apply. As well you can mail or Netfile taxes returns usually up to September 30th.
How to you stop the cycle of bad credit mortgages? When refinancing a mortgage or taking out home equity with bad credit you have very few options. I have many private mortgage lenders that are happy to offer financing at an increased rate of interest if you are suffering from bad credit.
If you are a home owner in BC with a mortgage, credit card debt, store cards, interest free deals that are expiring soon, personal (LOC) lines of credit, car loans or personal loans you could uses this how to techniques to better your cash flow and help improve your credit score. If you are a home owner with only a mortgage and low debts these debt consolidation techniques probably do not apply to you.
What Rate Should I Pay For A 2nd Mortgage? What Your BC Mortgage Broker Should Know & Tell You!
I get this question every week, “What is your best rate for a second mortgage?”. The answer is not as simple as one might think.
I get this question all the time; What is your best rate Home Equity Loan?
I have decided to post some basic information on some of the last couple of months files I have closed. This gives potential borrowers a broader understanding of mortgage rates on home equity loans and 2nd mortgages based on property types, property location, different LTV (loan to value) and quality of credit/income or ability to pay.
Foreclosures happen for a variety of reasons but how you react is critical in keeping the best options open to you. We have helped refinance foreclosure in BC many times and have the experience and the connections to the best mortgage products & techniques to stop and/or reinstate your mortgage once foreclosed.
