Ontario Hydro Building
Coming to the end of my photo tour of University Avenue from Sunday. This is one of the grandest Government of Ontario buildings ever built outside of the Parliament buildings themselves. This was the home of Ontario Hydro before it was broken up into power distribution and power generation companies. Ontario Power Generation still has its headquarters here though , as well as Intact Insurance Company.
In the photo you can see the reflection of the MaRS Building under construction.
Getting a Mortgage and Mortgage Insurance through National Bank Insurance for financing a loan to purchase at FIVE Condos is actually a relatively easy process, and new rules from the federal government has required that company include new regulations, which have made the home loan and mortgage process a bit more difficult. Those changes at National Bank Insurance include shortening the amortization period for which the loan can be held by the consumer, and the degree to which the property is financed by the mortgage. They have also increased deposit requirements to lift the loan insurance amount. Mortgage insurance from National Bank Insurance is actually one of the major financing costs on home loans.
Investment Trusts have no taken to looking to purchase rental properties and acquiring mortgages through financing auctions by the banks looking to shore up their balances sheets in light of stricter government regulation. These regulations have actually made holding residential mortgages by the large financial institutions harder to hold. Currently investors are looking to increase their position in rental properties in Toronto, at the same time the federal government in co-operation with the financial institutions are making getting and qualifying for loans and mortgages more difficult
ReplyDeleteMortgage advice should be accessible (relatively!),and not accomplish you demand to go to the Bar instead of to the Bank!
Here are some accessible answers to the best frequently asked Mortgage Questions. See more: www.omj.ca,Residential Mortgages Toronto