Jay Dwivedi

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December 2021 commentary is here...
01/14/2022

December 2021 commentary is here...

Debt consolidation rolls multiple debts into a single payment, typically high-interest debt such as credit card bills. D...
01/13/2022

Debt consolidation rolls multiple debts into a single payment, typically high-interest debt such as credit card bills. Debt consolidation might be a good idea for you if you can get a lower interest rate. That will help you reduce your total debt and reorganize it so you can pay it off faster.
Suppose you’re dealing with a manageable amount of debt and just want to reorganize multiple bills with different interest rates, payments, and due dates. In that case, a debt consolidation is a sound approach you can tackle on your own.

When debt consolidation is a smart move:

Success with a consolidation strategy requires the following:

👉Your monthly debt payments (including rent or mortgage) don’t exceed 50% of your monthly gross income.
👉Your credit is good enough to qualify for a 0% credit card or low-interest debt consolidation loan.
👉Your cash flow consistently covers payments toward your debt.
👉If you choose a consolidation loan, you can pay it off within 5 years.

Need help with your debt consolidation strategy? We are just a call away. Reach out to us at 647-801-4686. To know more, have a look at our website http://www.jdlending.ca/.

Small business loans are the simple, smart, and easy way to grow your business. If you have a business plan and want a r...
01/11/2022

Small business loans are the simple, smart, and easy way to grow your business. If you have a business plan and want a repayment system to match, if you require funding and financing to go on to bigger and better things, or if you are struggling to make ends meet then a small business loan could be for you.
Applying for such a loan in Canada is often a fast and stress-free process, with a 95% approval rate (on our files) and with the financing of up to $350 K available. Loans are offered for businesses of all sizes and in a variety of industries from retail stores to restaurants and much more. This tried, tested and traditional way of introducing extra finance into your small business is available across Canada and from a whole host of different lenders and institutions.
Need help with small business loans? Get in touch with us at 647 801 4686/[email protected] and see how we can help. Let’s help move your business to the next level.

Pros and cons of refinancing your commercial mortgage.Here are some benefits to refinancing your existing commercial mor...
12/23/2021

Pros and cons of refinancing your commercial mortgage.

Here are some benefits to refinancing your existing commercial mortgage loan:
💥property value and get higher rental rates and leasing rates.
You can use the money you get from refinancing your existing mortgage loan to service, renovate and improve your property. This will help increase the value of your commercial estate.
💥Expand your investment property portfolio.
Invest the money you take out of your commercial property by using it as a down payment to purchase new investment properties or businesses to continue your expansion into the real estate investment market.
💥Consolidate other debts.
Suppose you own a commercial property and have a high amount of higher-interest debt, such as credit cards. In that case, you can use a portion of the available equity to pay down those debts and lower your overall monthly payments.
💥Invest in your business. Suppose you need some working capital or financing for your main or any other business, and you own some commercial real estate. In that case, you can take out some of the available equity from your commercial building and invest that money into growing your business.

A few potential drawbacks to refinancing your commercial mortgage:
👉If you increase your mortgage balance, you might also have higher monthly payments.
👉Depending on your current interest rate and the rate you would qualify for when you select the option to refinance your mortgage, you may end up with a higher interest rate.

Follow our page, Instagram, LinkedIn or Website for more informational posts like this.

A first mortgage is a mortgage in the first lien position on the property secured by the mortgage. Typically the dollar ...
12/22/2021

A first mortgage is a mortgage in the first lien position on the property secured by the mortgage. Typically the dollar amount of the first mortgage loan is for most funds needed to secure financing to purchase the home.
A second mortgage is a second loan that you take on your home. You can borrow up to 80% of the appraised value of your home, minus the balance on your first mortgage.
The loan is secured against your home equity. While you pay off your second mortgage, you also need to continue to pay off your first mortgage.
If you can’t make your payments and your loan goes into default, you may lose your home. If that’s the case, your home will be sold to pay off both your first and second mortgages. Your first mortgage lender would be paid first.

What is a High-Ratio mortgage? A high ratio mortgage is a mortgage in which a borrower places a down payment of less tha...
12/20/2021

What is a High-Ratio mortgage?

A high ratio mortgage is a mortgage in which a borrower places a down payment of less than 20% of the purchase price. Another way of phrasing a high-ratio mortgage is with a loan to value ratio of more than 80%. A mortgage with more than a 20% down payment is called a conventional mortgage.
A high ratio mortgage will require mortgage insurance. A High Ratio Mortgage allows Canadians to purchase a house with as little as 5% down.
Because of mortgage insurance, a high-ratio mortgage can still be obtained with a down payment of as little as 5% of the purchase price. Using mortgage insurance to replace a higher down payment opens the housing market to many people.
At JD Lending, we have the expertise to help you understand the pros and cons of high-ratio mortgages. To know your mortgage options, call 647-801-4686 or send us an email at [email protected]. For more detailed information, check out http://http://ow.ly/pG6e50HeNrf/.

12/20/2021

Wishing you all Happy Holidays. Stay Safe and Stay Blessed.

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