Commercial Mortgages

April 15, 2018 Mortgage by CanWest No comments

Commercial mortgages are mid-term loans made using business or commercial real estate to secure payment. The proceeds from commercial mortgage financing loans are typically used to acquire or redevelop commercial property. You can also use commercial mortgage financing to bridge the arrival of longer term financing from a conventional institutional lender, or to provide time […]

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Advantages & Disadvantages to a Reverse Mortgage

April 14, 2018 Mortgage, Uncategorized by CanWest No comments

A reverse mortgage is a special loan for homeowners 55 +, that lets them borrow against the value of their home, without having to sell their home. Unlike a typical home equity loan, reverse mortgages do not have to be repaid during the life of the homeowner, thereby protecting a homeowner from the possibility of foreclosure. The […]

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RRSP`s in Canada – Who are they for?

April 12, 2018 Financial Planning, Mortgage by CanWest No comments

An RRSP is a retirement savings plan that you establish, that the CRA registers, and to which you or your spouse or common-law partner contribute. With the federal government’s Home Buyers’ Plan, you can use up to $25,000 of your RRSP savings ($50,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you’re […]

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Mortgage in Foreclosure

April 9, 2018 Mortgage by CanWest No comments

Foreclosure is the legal steps that a lender takes to recover arrears and principal on mortgage loan that is in default.  If your Mortgage is in Foreclosure, contact us right away, as our lending partners are specialized and will help take steps that can stop the mortgage foreclosure from proceeding. Click here to apply online! […]

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Foreclosure Facts | Canada West Mortgage

April 9, 2018 Mortgage by CanWest No comments

If you are facing a foreclosure in Alberta and need help to salvage the situation, it is best to educate yourself about the options and resources available to you. There may be solutions available to stop the foreclosure, thereby saving your home, and initiating the credit repair process. Canada West Mortgage will guide you through […]

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Debt Consolidation

April 8, 2018 Mortgage by CanWest No comments

Debt consolidation is a common way to ease the burden of household debt payments. Home equity is the difference between the value of your home and the unpaid balance of your current mortgage. For example, if your home is worth $250,000 and you owe $150,000 dollars on your mortgage, you’d have $100,000 in home equity. […]

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Take Charge of Revenue Canada Debt

April 7, 2018 Mortgage by CanWest No comments

Many self-employed people, presently or in the past, have accumulated tax arrears at some point. The CRA has strong powers to make sure they collect what people owe. They charge penalties and interest on all tax arrears. They can withhold child tax credits and GST credits until the arrears are paid. They can take money […]

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