Module 4 - Principal Paydown
  
Welcome Back! Are you ready for the 4th module of the 7 profit centers in real estate?
The 4th profit center of Real Estate Investing is one that most are aware of. This is the Principal Paydown on a mortgage.
A fundamental difference between Investors and people that work at a "job" for a living, is how their money works or does not work for them.
No matter what your age bracket or field of expertise, by understanding this principal, you will have the opportunity to learn the strategies to earn passive income.
If you feel that you are too old to do this, too broke, too young, that someone else has to do this ... close this link as this does not apply to you ...
If however you have decided that you understand that you need to do something different ... or that you don't want to be a slave to your job anymore ... click the link to learn more ...
http://properdys.com/2016/06/29/hello-world/
Expect tougher mortgage rules by November
Home buyers should expect tougher mortgage rules to kick in as early as November 1 of this year.
In an announcement released Friday by the nation’s financial regulator, banks and lenders that offer mortgage financing will face stricter regulations and this will translate into tougher lending rules for home buyers.
Under the proposed new rules, OSFI will demand that banks increase how much capital they hold to cover mortgage currently in the market.
Banks and mortgage lenders will pass down the extra costs of these stricter regulations to the end user.
This is done by either increasing mortgage rates or implementing tougher lending requirements for those applying for a mortgage.
For the average Canadian home buyer then,
this could mean that as early as November, it will either be:
→ harder to get a mortgage
→ mortgage rates will start to rise (even slightly)
→ or you won’t qualify for as large a mortgage as you would’ve prior to these new rules.
Talk to your mortgage broker....... its about time!
Cool App that Allows you to Text without Wi-Fi or Data
I just came across this app and I had to share with you! This is the answer we have all been looking for when headed across the border or abroad. This app allows you to text without having wifi or a mobile plan available. The kicker......it's FREE and you can be completely OFF THE GRID.
I am not a tech guru but read all about on Business insider: More About Fire Chat
|
