Sorting by

×

Investment Property Financing

by | Apr 15, 2015

Today’s blog will cover some highlights of Investment Property financing with GLM Mortgage Group.
 

It is all about Debt Servicing

DEFINITION of ‘Debt Service’
The cash that is required for a particular time period to cover the repayment of interest and principal on a debt. Debt service is often calculated on a yearly basis. Debt service for an individual often includes such financial obligations as a mortgage and student loans. Companies may have outstanding loans or outstanding interest on bonds or the principal of maturing bonds that count towards the company’s debt service. An individual or company that is not able to make payments to service the debt can be said to be “unable to service (his/her/its) debt.”

 
Here is a Debt Service Calculator for you, brought to you by CHMC.ca [click on the picture].
GLM 4 15 2015
The will to succeed is important but what’s more important is the will to prepare…
Bobby Knight
 
Get the FULL picture of Investment Property Financing by reading, even downloading, my SlideShare presentation below:

 

Related Posts
Hot Trend: Rent to Own Mortgage

Hot Trend: Rent to Own Mortgage

Rent to Own Mortgage   A Rent to Own contract could be the answer for someone who is renting but is also having a hard time getting their down payment together. Rent to Own contracts usually are between 1 and 5 years long and can give the client the time they...

How Mortgage Rates Work

How Mortgage Rates Work

How Mortgage Rates Work The topic of how Mortgage Rates work is a long, complicated series of moving puzzle pieces that work together perfectly. Today we are going to break it down as best we can. During the process of taking out your first mortgage, you will learn...

Accessing Your Home’s Equity To Invest

Accessing Your Home’s Equity To Invest

To tap into your home’s equity, it all starts with refinancing your home. If you own a home, the equity you have built up in it is one of the most valuable assets you have available to you. It is also much more accessible than taking out a large loan.  In many cases,...