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	<title>Jessi Johnson &#124; FIRST HOME INFO</title>
	<link>http://www.firsthomeinfo.ca/first-time-buyer</link>
	<description></description>
	<lastBuildDate>Tue, 09 Mar 2010 19:55:03 +0000</lastBuildDate>
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	<item>
		<title>LTV (loan to value)</title>
		<description><![CDATA[

Loan-to-value ratio (LTV) is the amount of the mortgage loan (liability) compared to the value of the property. This ratio is calculated by the lender prior to providing the loan. The results of this calculation help to determine whether or not the applicant will qualify for a loan and whether the application, if approved, will [...]]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/ltv-loan-to-value/</link>
			</item>
	<item>
		<title>Broker discounted rate</title>
		<description><![CDATA[The mortgage broker discounted rate is that wonderful rate you can obtain for your mortgage which is generally 1.5% less than the bank posted rate.



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]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/broker-discounted-rate/</link>
			</item>
	<item>
		<title>Presale purchase</title>
		<description><![CDATA[Purchasing presale is when you buy a property before it&#8217;s built. If you are planning on selling this property before completion to make a profit, than that would be a perfect example of buying on speculation.



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]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/presale-purchase/</link>
			</item>
	<item>
		<title>Debt servicing ratios (GDS / TDS ratios)</title>
		<description><![CDATA[Debt servicing ratios are the ratios used to calculate debt owed by someone looking to obtain a mortgage.
Gross Debt Service Ratio (GDS): The percentage of the borrower’s income that is needed to make all payments for costs associated with housing. There is a maximum amount associated with this ratio to ensure that borrowers can afford [...]]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/debt-servicing-ratios-gds-tds-ratios/</link>
			</item>
	<item>
		<title>Buying on speculation</title>
		<description><![CDATA[Certainly not the safest real estate investment concept but one that was been very successful for people in the past. Buying real estate on speculation essentially means you plan to make your capital (sale revenue) from the equity growth of the property, rather than obtaining a tenant and waiting for the years to pay off [...]]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/buying-on-speculation/</link>
			</item>
	<item>
		<title>High ratio mortgages</title>
		<description><![CDATA[


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]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/uncategorized/2010/03/high-ratio-mortgages/</link>
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	<item>
		<title>Qualifying rate</title>
		<description><![CDATA[When qualifying for a mortgage, the lender will require you to be qualified for a specific rate regardless of the term or product you take. The concept of a qualifying rate is to reduce the amount of Canadians who are over-leveraging themselves. In the event you have 20% or greater down payment on purchase or [...]]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/qualifying-rate/</link>
			</item>
	<item>
		<title>Bank posted rate</title>
		<description><![CDATA[The bank posted rate is the rate banks would previously attempt to sell you until mortgage brokers came into play. Now most banks have smartened up and seldom insult ones intelligence with such high rates. Generally a bank posted rate is about 1.5% higher then a broker discounted rate.



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]]></description>
		<link>http://www.jessijohnson.ca/mortgage-broker/mortgage-terms-and-tricks/2010/03/bank-posted-rate/</link>
			</item>
	<item>
		<title>Buying on speculation</title>
		<description><![CDATA[Certainly not the safest real estate investment concept but one that was been very successful for people in the past. Buying real estate on speculation essentially means you plan to make your capital (sale revenue) from the equity growth of the property, rather than obtaining a tenant and waiting for the years to pay off [...]]]></description>
		<link>http://www.firsthomeinfo.ca/first-time-buyer/2010/03/buying-on-speculation/</link>
			</item>
	<item>
		<title>Episode 131 &#8211; Tax deductions on rental properties</title>
		<description><![CDATA[Do you have a rental property or are considering purchasing one? Make sure to seek advice from your accountant (hopefully a good accountant) regarding this type of real estate ownership. I am by no means an accountant but know a few good tricks. Did you know that the interest portion of your mortgage on a [...]]]></description>
		<link>http://www.firsthomeinfo.ca/first-time-buyer/2010/03/episode-131-tax-deductions-on-rental-properties/</link>
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