Loan to Value Ratio

3 Ways Loan-To-Value Ratio (LTV) is Important

Chris Gallant Uncategorized

Before a lender approves a mortgage or loan application, they weigh some important factors. The Loan-to-Value ratio is one of those important factors. A loan-to-value ratio basically measures the loan amount against the asset’s value. To calculate the LTV ratio, divide the loan balance by the value of the asset. The …

5 Steps to Commercial Mortgage Approval

5 Steps to Commercial Mortgage Approval

Chris Gallant Uncategorized

A commercial mortgage approval ultimately means showing that you have enough collateral to support repayment. Collateral is a borrower’s promise with property, to secure repayment of a loan. Your business, not yourself, assumes the mortgage and it can be a complex process. A business may seek out a commercial mortgage …

credit rating

Your Credit Rating: 5 Factors that Negatively Impact It

Chris Gallant Uncategorized

Lenders look for things that negatively impact your credit rating.  They determine your credit risk based on your credit score as it’s the easiest way for them to determine your ability to pay back credit cards or loans. The 2 national credit bureaus used by consumers to determine their own …

customized residential mortgage solutions

3 Stages of Obtaining a Residential Mortgage

Chris Gallant Uncategorized

The process of obtaining a residential mortgage is best done with the help of a mortgage broker. An expert simplifies a rather complicated process. The Canadian Mortgage and Housing Corporation report a more than a 20% increase in the total value of mortgage originations compared to the same period in 2019. …

Social Distancing is Wrong…

Chris Gallant Uncategorized

Let me explain before I get too many negative comments! Currently, the term “social distancing” is everywhere. We are told from every direction, that we need to socially distance from one another. This term has always rankled me because it goes against everything that makes us human. Humans are born …

Calculating EBITDA

Calculating EBITDA

Chris Gallant Uncategorized

When Calculating EBITDA, you get the most comprehensive snapshot of a company’s financials. EBITDA is a valuable and comprehensive accounting technique used to determine whether a company is worth investing in. Unlike standard net income calculations that use a simple formula of revenue minus expenses, EBITDA factors in other expenses, …

Commercial Loan: Asset vs. Repayment

Commercial Loan: Asset vs. Repayment: DSCR

Chris Gallant Uncategorized

When borrowing money for a commercial loan or mortgage, the first thing that a lender considers is repayment, not asset. The lender needs to know that you can service the debt. They use what’s known as a DSCR or Debt Service Coverage Ratio to determine it. The debt service coverage …

New Website Launch

New Website Launched!

Abstract Marketing Uncategorized

I am proud to announce the launch of my brand new website, designed and developed by the staff at Abstract Marketing. Abstract Marketing is located at 216 King St. W in Chatham-Kent, Ontario Canada. I also encourage feedback. Please feel free to leave a message via my contact page. Thank …