March 25, 2023Commercial Lending – Underwriting Fundamentals 101Commercial Lending Today I want to talk to you about commercial lending. So a lot of mortgage brokers and agents don’t actually do this and they refer out. We have a dedicated commercial department, so you can actually keep your deals right here in-house. And I know you already know this, but you can keep […]By Scott Dillingham2 min Read
March 23, 2023Co-Habitation Income – Underwriting Fundamentals 101Co-Habitation Income You guys are going to love this one. It’s very, very unique and very few lenders offer this. It’s called co-habitation income. So what this is, is we have certain lenders that will allow you to use income of somebody who is living in the property, even though they’re not on the mortgage. […]By Scott Dillingham1 min Read
March 21, 2023Closing Costs – Underwriting Fundamentals 101Closing Costs Today we’re going over closing costs and how this can impact you as a buyer. So when a lot of investors are homeowners purchase a property, they just think mentally in their head of how much they need to have saved for the down payment. And that’s what they work on. And then […]By Scott Dillingham2 min Read
March 20, 2023 March 19, 2023Cash Back – Underwriting Fundamentals 101Cash Back Our team today, we’re going to be talking about cash back. So there’s a lot of cashback offers that you see in the market and it’s quite attractive to a lot of buyers. But a lot of buyers don’t know the hidden terms and conditions behind that cashback. So I want you to […]By Scott Dillingham1 min Read
March 17, 2023Broker vs Bank – Underwriting Fundamentals 101Broker vs Bank Financing, which one is better and why should you use a broker.By Scott Dillingham1 min Read
March 20, 2023 March 15, 2023Bridge Financing – Underwriting Fundamentals 101Bridge Financing Today we’re going to be talking about bridge financing. So bridge financing is when somebody sells a home and the closing date is usually after when they’re purchasing. So they need a bridge to get their equity from their old home, even though it’s not officially sold. And then they put that to […]By Scott Dillingham1 min Read
March 13, 2023Blanket Mortgages – Underwriting Fundamentals 101But what a blanket mortgages is, is a lender will give you one mortgage for multiple properties.By Scott Dillingham1 min Read
March 14, 2023 March 11, 2023Beacon Score VS Credit Score – Underwriting Fundamentals 101Beacon Score VS Credit Score Today’s lesson is super important to understand. So what happens is a lot of times is people will say, Oh, my credit score was awesome, or my credit score is terrible and I can’t qualify for a mortgage. And that might be true. Or they think the score so good […]By Scott Dillingham2 min Read
March 9, 2023Bad Appraisals and Their Outcomes – Underwriting Fundamentals 101The market has cooled and some people are getting bad appraisals on their own properties when they're buying or refinancing.By Scott Dillingham2 min Read
March 7, 2023Automated Appraisals – Underwriting Fundamentals 101Hey, team, I want to talk to you today about automated appraisals.By Scott Dillingham2 min Read
March 14, 2023 March 5, 2023Assignments – Underwriting Fundamentals 101Now, a lot of assignments happen mostly on new construction, but they can happen on a resale home as well.By Scott Dillingham1 min Read
March 14, 2023 March 3, 2023Areas of Lending – Underwriting Fundamentals 101So it's very important for you to know about the areas of lending that the lenders will cover.So every area, depending where it is, usually every lender has a different role.By Scott Dillingham1 min Read
Canadian Real Estate Network - For Investors By Investors
Canadian Real Estate Network - For Investors By Investors