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Using a Home Equity Line of Credit to invest

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Posted by Kyle Green - Green Mortgage Team

on Tuesday, 02 August 2016 12:43

Whenever I meet an aspiring investor, one of the very first steps is to see if we can unlock home equity to use to invest in real estate or other investments. Many of you may have heard of the term before (or it’s shorthand name HELOC) but may not understand all of the benefits or how the product works. I am going to explain how the approval process works, what the advantages are and how to best use the product to maximize interest and tax savings.

How does a HELOC work?

A Home Equity Line of Credit is a product that, if you work with the right lender, is “re-advanceable”. This means that you get approved for a global limit of up to 80% of the value of your home, and are able to break that amount into chunks as you see fit. One of the neat things about a HELOC is that as you pay down the principal on the mortgage portion(s), those funds become automatically accessible to be re-borrowed within another mortgage or line of credit portion inside the “global limit”. This can be extremely advantageous that I point out later of how people have been able to save money in tax but also simply have access to capital.

Most of our clients that take a HELOC are interested in having money available to them to do renovations, pay for future expenses, invest in real estate or other investments, or simply to have funds available “just in case” (especially for those of you who are self employed). The most common setup is 1 mortgage portion for the amount they currently owe, and a line of credit limit to fill the remainder of the available credit (up to 80% of the property value combined with the mortgage amount).  

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Real Estate

Canada; The Myth Of An Epic Housing Bubble And The Next Great Housing Collapse

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Posted by Caiman Valores - Seeking Alpha

on Tuesday, 02 August 2016 08:05

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U.S. investors betting on an epic U.S. style housing bust occurring in Canada have been doing so for a considerable period with no clear proof.

Claims of a broad-economy wide housing bubble that is ready to burst are significantly overstated with no clear evidence that a bubble exists.

The majority of price growth is coming from Vancouver and Toronto and there are specific reasons supporting higher prices in those markets.

The conditions in Canada’s housing market are strikingly different compared to those that existed in the U.S. during the lead-up to the 2007 housing meltdown.

....continue reading HERE

related:

Where The Real Danger Lies



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Real Estate

Ozzie Gives The Scoop On A Leaked Revenue Canada Memo

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Posted by Michael Campbell & Ozzie Jurock & Ozzie Jurock

on Tuesday, 26 July 2016 08:07

The public’s been crying for government to “do” something about Vancouver’s high prices and the lack of affordability. In another installment of “be careful what you wish for” a leaked memo reveals the CRA is recruiting 50 new auditors, 20 GST and 15 other CRA staff but what does it mean for real estate investors

Don't miss Victor Adair's Live From the Trading Desk US Dollar & New Stock Market Position Update

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Real Estate

Real Estate: 6 CDN Cities Prices For June

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Posted by Brian Ripley's Canadian Real Estate Charts

on Wednesday, 13 July 2016 07:33

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Larger Chart

New highs and air pockets. In June 2016 Canada's big city metro SFD prices hit resistance M/M except Vancouver where another hat trick of all sectors for the third month in a row created new peak prices. Toronto SFD prices may have hit an air pocket but sales manged to exceed supply for a new benchmark in mania. Anyone owning a house in the scorching hot Vancouver and Toront omarkets is sitting on an unredeemed lottery ticket. 

The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of VancouverCalgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada (one month lag).

....read more HERE

related:

Three Megatrends Dominating Global Real Estate

 



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Real Estate

Three Megatrends Dominating Global Real Estate

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Posted by Visual Capitalist

on Tuesday, 12 July 2016 10:03

What will be the driving factors behind global real estate in the coming years?

Today's infographic highlights three giant trends - megatrends - that will be important for investors to consider.

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related:

Infographic: Vancouver Real Estate Mania



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