Financing For Multiple Properties

General Kris Krawiec 29 Mar

Mortgage brokers who are experts in the real estate investment niche offer an invaluable service to real estate investors because, if the mortgages on their investment properties are not set up properly from the on-set of their ventures, they will not be able to get future financing – a necessity for continuing to build their portfolio of investment properties. And many real estate investors will purchase multiple properties within a short period of time.
Mortgage brokers who are experts in dealing with real estate investors know that a portfolio approach must be taken to ensure future financing for these clients. They find out the investors’ specific goals and develop a game plan based on these goals for the next five or 10 years.
Mortgage brokers can work with their clients in order to determine where the investor currently stands in terms of these goals, where they need to be to meet those goals, and the steps involved to get them there. Of course, the plan needs to be examined at least on an annual basis to ensure they’re on track.
Mortgage brokers can even partner with other real estate investment professionals, such as real estate agents, and organize investment seminars or other marketing ventures in order to inform real estate investors of the current opportunities for starting or growing their portfolios – a winning situation for all parties involved.

Building Your Team

General Kris Krawiec 29 Mar

By partnering with experts related to the needs of your investors – including real estate agents, lawyers, accountants, insurance agents and contractors, to name a few – you can provide valuable information to your clients through this knowledge network you have created.

But it’s not enough to merely partner with just any expert – these professionals have to be experienced in the investor niche as well. And this is how you provide these clients with a one-stop shop for meeting all of their real estate investment needs.

 Added value can also be achieved if you belong to organizations that will offer you further insight into your real estate investor clients’ needs. If you join groups such as the Real Estate Investment Network (REIN) or even a local Rental Owners and Managers Society (ROMS), you can provide a wealth of knowledge to your investor clients while, at the same time, setting yourself up for referrals from your new networking groups/ spheres of influence. While REIN can provide market insight and investing tips through years of experience, ROMS helps with credit checks for potential tenants, keeps you abreast of changes to the Residential Tenancy Act and other topics/ concerns faced by landlords.

The Right Choice

General Kris Krawiec 11 Mar

The next time you’re looking for a mortgage for that new house or you’re up for renewal on your existing mortgage, think about using a mortgage broker – their services are typically free and they offer you an abundance of choices the banks simply can’t compete with. The only time a fee is charged is during difficult and time-consuming credit situations – a time when using a mortgage broker is likely your only option.

I have access to a vast array of lenders – dozens of financial institutions, including big banks, credit unions and trust companies – which enables these professionals to negotiate the best possible mortgage products and rates on your behalf. In comparison, if you approach your bank with a mortgage request, they can only offer you a narrow choice – namely, their own products. 

Mortgage brokers do their homework on available mortgage products and keep themselves abreast of any new products, or changes to existing products, to ensure they find the best mortgage to fit your specific needs. 

Unlike the banks, mortgage brokers can also cater to self-employed borrowers as well as those who have suffered credit blemishes due to life experiences such as divorce or illness. Brokers will listen to your story, whereas the banks have a very narrow view of what fits into their financing box – and this is nonnegotiable. 

If you’re thinking of buying a home, I can find the best mortgage rate and term for your unique situation. And because we’re the number one mortgage brokerage in Canada – with more than 2,000 mortgage professionals spanning the country – we have access to wholesale versus retail rates (you often pay retail rates when negotiating your own mortgage). In 2011 alone, we will fund more than $11 billion in mortgage transactions.

Top Reasons for Using my Service:

  1. Choice – access to multiple financial institutions
  2. Costs – using a broker is usually free and they can negotiate lower rates for you
  3. Knowledge – brokers stay up-to-date on available products and services
  4. Flexibility – mortgage products are even available for the self-employed or those who have credit blemishes