If you’re planning to buy a second home, you might consider turning your primary residence into a rental property, also known as an investment property. This will give you the ability to purchase a new owner-occupied home with as little as a 5% down payment. Often this can be done with lenders allowing for a hypothetical rent amount to offset qualifying numbers. That way, you can move into your new home while converting your primary one into a rental before even having a tenant. To help you understand the benefits of doing this, mortgage broker Jordan St. Pierre has explained the process below. 

Original Article Source Credits: HGTV, https://www.hgtv.ca

Article Written By: Sharon Miki Chan

Original Article Posted on: Feb. 15, 2021

Link to Original Article: https://www.hgtv.ca/real-estate/blog/remodeling-trends-2021-rental-1945927

Buying a home is incredibly hard, especially if you’re a first-time homebuyer. It is such a big investment that you have to spend a lot of time bothering about the paperwork, fees, and other technical things involved in it. 

Original Article Source Credits:    Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  NOVEMBER 13, 2020

Link to Original Article:  https://betterdwelling.com/bank-of-canada-ended-the-mortgage-program-that-inflated-prices-kind-of/

Buying your first home is an exhilarating experience as it marks the beginning of a new chapter in your life. At the same time, it can be scary as it entails a significant financial commitment, but with the right preparation and sufficient research, you can make the homeownership process very manageable.

According to the law, it is the duty of a Condominium or Condo Board to make the necessary arrangements when it comes to the maintenance of common areas in a Condominium. The Board must repair common property as and when needed and cannot dismiss the completion of essential requirements on the property, especially structural corrections and deficiencies. However, to meet these commitments, the Board needs to have sufficient financial backup.

I’m Jordan St. Pierre, a mortgage broker serving Edmonton, Spruce Grove, Stony Plain, St. Albert, and Devon, with The Mortgage Centre. I am excited to share my story about the things which matter to me and how they influence the way I do business.