As a Mortgage Group Professional, we offer one-stop convenience and impartial advice. Different financial Institutions and Lenders offer a wide range of mortgage rates, terms, and conditions. By shopping wisely, we can find the mortgage that best suits your financial needs.

As your Mortgage Group Professional we will help you understand how different rates, terms and conditions can affect the lifetime cost of your home, your monthly payments and financial flexibility . By presenting your requirements to a variety of Canada's major Lenders, your mortgage can be secured at lower than advertised rates, usually within hours and most often free of charge (oac)




**** if your looking at a career as a mortgage broker or agent****
please contact us with any question about how to get stated
our locations are in Regina Sk, Calgary AB, and Kelowna BC.
Please contact Peter McGrath or Layne Walters to start your career as a Mortgage professional today.Contact info


---------------------------------------------------------------------------------------

---

Blog                                                        to post your topic or comment select POST

---

posted: Oct/20/3009 9:47pm
Hello, I am looking at buying an appartment building... however I am a bit new in the game. What is a normal Cap rate? and how important is that when looking for a mortgage?                  Stu

-----Reply Oct/20/2009 10:45pm
-----Thanks Stu for your question, with respect to the Cap rate it is very important. It is a calculation that appraisers and banks use to find end value. Value = Cash flow(NOI) / Capitalization Rate... Different areas have different cap rates, as do different types of properties. It will be important for you to know the typical rate for the area which you are looking in. If the bank finds a much lower value you may have to increase your down payment, as the bank will look at financing a percentage based on the value they find rather than the purchase price.
-----Admin

       posted: Oct/20/2009 11:45
      Thanks that makes more sence.                                                                      Stu


posted: Oct/18/2009 2:34pm
I was referred to use YourMortgageTeam from a colleague of mine who highly recommended them as he has several rental homes and uses them all the time. He told me that they have a great knowledge of real estate and are great to work with. As for myself I just bought my first home and look forward to working with them again! Thanks Guys for all the help!                                                                   Chris

-----Reply Oct/19/2009 10:36am
-----Thanks Chris! hope the Move went well :-) be sure to call if you need anything down the road.
------Admin,