Mortgage Careers of the Week + MORE Oct 24th

Flexible and creative Alberta acreage mortgage options:
We have the pleasure to work with many clients who have approached their bank about purchasing a new acreage in Alberta only to find out that their bank typically doesn’t love financing acreages and will put up various road blocks along the way to try and either reduce their approval amount or not approve their mortgage at all.  The two biggest stumbling points that you will typically find are:

The bank will only finance the value of your home plus five to ten acres of land:

For example, this can become a challenge when you are purchasing an home with 30 acres and have 20% down payment.  If we assume your home value is $300 000 and your per acre value is $10 000, this would yield a $600 000 purchase price.  In the case of a lender who will only lend on a home plus 5 acres, they will use a $350 000 value and lend on 80% of that.  This would result in a dramatic increase in your down payment required.  In the above example if you have budgeted 20% down payment for your $600 000 purchase, you were planning on a down payment of $120 000…

A New York jury has found Bank of America Corp. liable for mortgage fraud after a month-long trial.

If you’re buying a home without 20% down, you generally need an insured mortgage. The insurer that assumes your risk of default will, in turn, charge you an insurance premium….

Filed under: Employment & Careers, Economizer, House & Home, Real Estate, Your Home
If you’re living by yourself, you’re not alone. According to a recent census report by Statistics Canada, one-person households are on the rise and the movement is happening globally. It’s a phenomenon producer/director Scott Harper looks at in his documentary Flying Solo, premiering Thursday October 24 on CBC-TV’s Doc Zone. Through Harper’s initial research, he found one in three people in Canada lives alone. When he set out to explore why this is happening here and around the world, Harper says he found the story becomes different at the different stages of a person’s life but overall it amounts to a trend that will continue to grow. Here are some of his findings behind why people are following the path to singledom:

SLIDESHOW: 5 Reasons People Stay Single

RELATED LINKS:
Women Making Tiny Strides in Business but Not Fast Enough
Rising Mortgage Rates Fail to Cool Housing Market
Atwood Joins Push to Get Women on Canadian MoneyFive Reasons More People are Choosing to Live Alone originally appeared on Walletpop Canada on Mon, 21 Oct 2013 12:20:00 EST…

Company: Educators Financial Group Position Title: Regional Director, Lending Services (Ottawa-Carleton) Yeears of Experience Required: Over 10 years business development experience in financial services and sales, specifically residential mortgages, lines…