Regardless of what a pandemic has done to the world economy, private mortgage lenders are still lending. This is because mortgages, especially residential, are undoubtedly their largest source of profit. They faced quite a few challenges since the pandemic began and during this tough time, have learned to overcome them …
What is cloud computing? Many of us use it every day. Platforms like Dropbox, Google Drive, and Apple iCloud have become the norm in business. It has made file-sharing and life in general, so much easier, people are using it for personal use as well. Here’s how it works! Cloud …
I don’t know about you, but I need positive news every morning to keep me motivated, productive, and optimistic. Each morning I follow the same routine. After I read my emails and respond, I Google the news to see what’s happening in the World and Canada. Lately, life’s been pretty …
When offering my business consulting services, owners are always looking for sales tips that help their in-house salespeople. I was recently shocked at some of the comments that business owners shared with me regarding their salespeople and the lack of follow-up. My experience with the folks I lease my vehicle …
After the year we’ve had, some ask, why bother restarting your business? Why bother going on at all? Let me tell you a little story that happened to me back in 2012. We closed our business after three years, having lost all of the money from our investors. After countless …
Commercial loans, as well as construction loans, are more complicated than residential loans. When seeking a commercial loan, especially a construction loan, most borrowers have 3 burning questions they need to be answered first. What’s involved in the commercial loan or construction loan process? What it is based on? Why …
The Government of Canada placed into effect a very important mandate called Guideline B20. It requires financial institutions and mortgage brokers to provide sound residential mortgage underwriting practices. This was done to reduce the risk of financial loss for lenders. Securing and protect lenders’ finances ultimately reduces the risk and …
Let me ask you, what is the lifeblood of a strong country and a solid economy? If you said, big companies, big profits, solid banks, high profits on the stock market, and anything that resembles that, well in my opinion… you’re wrong. Small, local businesses are the lifeblood and the …
Private capital fee costs, like any service fee, can be seen as a scam. Nothing could be further from the truth. These fees protect lenders from two possible o scenarios that can leave them at financial risk. Private capital fees fall into two basic categories. They are due diligence fees/processing …
Having a well-thought-through retirement plan is a sure way to avoid outliving your savings. Canadians are living longer than ever. However, the current market volatility caused by the COVID pandemic has made your plan unrealistic. The COVID-19 crisis leaves many Canadians with a retirement plan based on old assumptions. Perhaps …
