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Mortgage Penalties and Selling Real Estate – Check with your Lender before Selling or be Prepared to Pay!

 Don't Let Mortgage Penalties Bite you in the Backside - Check with your Lender Before you List!   A lot of people assume that when they sell a property they can pay off the principal of their mortgage with the sale proceeds and be done with their lender. This is not the case. A mortgage is a legally binding contract between you and your lender for you to pay them a stream of principal and interest payments for the term of the mortgage. The lender will have something in the small print of the mortgage they can get either…

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I think Inflation may Kick Off in 2-3 Years and This is what I’m Doing to Prepare.

Hi All, I've mentioned in other blog posts that I think Inflation may to be an issue in 2-3 years because of ultra low interest rates and Stimulus packages from National Governments around the world. I'm going to buy more real estate (Downtown condo's and a house in East Van) and I'm going to get 5 year fixed rate mortgages to keep my payments (costs) consistent and then rent these places out. Inflation should push up rents while my costs remain static, leaving me with a nice profit. (hopefully) I plan on getting 4% 5 year fixed rate mortgages. I…

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