The Benefits of Moving to Ottawa: A City You'll Never Want to Leave Image Source: Unsplash ‍ The capital city of Canada is bustling with activities, sights, and sounds that are sure to take your breath away. It’s also a place where you can pursue your career, make friends for life, and have the time of your life. Have you ever wondered why so many people are moving to Ottawa? Perhaps it’s time for you to pack your bags and join them! The vibrant and energetic city of Ottawa has something for everyone. If you’re considering a move to the capital of Canada, here are some reasons why you should. Read on to find out more about this amazing city and all the reasons why you should be packing your bags and moving to Ottawa today. It’s an Ideal Place to Start Your Career If you’re young professional who is just starting out in their career, then Ottawa is the place for you. It’s one of the best cities in Canada for young professionals who want to find a job and start earning a good salary as soon as possible. In fact, Ottawa is a place where many successful corporations have set up their headquarters. This means that there are lots of job opportunities for young professionals who want to find a job in their field. If you’re a student who is close to graduating, then Ottawa is also the perfect place for you. In fact, Ottawa is the best city to be a student in Canada. Why? Ottawa has a very low cost of living, and the city is extremely affordable. This means that your money will go much further in Ottawa than in other cities. Ottawa is Breathtakingly Beautiful No article on why you should move to Ottawa would be complete without a mention of just how breathtakingly beautiful it is. From the awe-inspiring views of the Parliament Buildings, to the lush green parks, to the stunning architecture of the museums, Ottawa is a stunning place that is sure to take your breath away. If you’re considering a move to the capital city of Canada, you should know that you’ll be able to enjoy the stunning views of the Parliament Buildings any time you like. The Parliament Buildings are open to the public, so you can visit them and enjoy their beauty at any time. There’s no better way to start your day than by admiring the stunning beauty of the Parliament Buildings! Ottawa is Full of Culture and Activities If you’re a culture-loving person who likes to immerse themselves in different cultures and try new activities, then Ottawa is the ideal place for you. Ottawa is home to many museums and cultural attractions that are sure to capture your imagination and excite your curiosity. Whether you’re interested in Canadian art, the Canadian military, or First Nations history, Ottawa has a museum or cultural attraction that is sure to interest you. If museums aren’t really your thing, then you can still enjoy the cultural richness of Ottawa at one of the many festivals that are held in the city every year. There are festivals for almost every interest, hobby, and lifestyle. If you’re someone who likes to try new things, then Ottawa is the place for you. The city is teeming with things to do, from shopping at one of the many malls, to trying out a new restaurant, you’ll never be bored in Ottawa. Ottawa Helps You Stay Active and Healthy If you’re someone who likes to stay fit and healthy, then Ottawa is the place for you. You’ll find plenty of parks, beaches, and places to run, walk, and cycle in Ottawa, which are all great for staying active and healthy. There are plenty of gyms and fitness centers in the city, so you can work out indoors if the weather isn’t great. And, you can find plenty of healthy places to eat and drink, so you can make healthy eating a part of your daily routine. If you’re a sports fan, then you’ll be pleased to know that Ottawa is home to many sports teams, so you can enjoy watching your favorite sports whenever you like. If you’re someone who likes to stay healthy, but you’re not really into team sports, then you can still find plenty of ways to enjoy the benefits of staying active in Ottawa. There Are So Many Restaurants to Try! If you’re someone who likes to try new restaurants, then you’ll be pleased to know that Ottawa has plenty of amazing restaurants to try. Whether you’re into Asian food, or Italian food, or French food, or burgers, or pizza, or tacos, or seafood, or steak, or anything else, you’ll be able to find a restaurant that serves your favorite meal in Ottawa. And, you can enjoy plenty of amazing deals at the many restaurants in Ottawa, so good food doesn’t have to be expensive. If you love trying new restaurants, then you’ll find plenty of delicious dishes to sample in Ottawa. And, you can enjoy plenty of delicious dishes at an affordable price, so eating out in Ottawa is always a great experience. There’s So Much Shopping in Ottawa If you’re someone who likes to shop, then Ottawa is the place for you. The city is teeming with shopping centers, so you’ll never run out of places to shop. You can find shops that sell everything from clothes, to makeup, to health and beauty products, to home decor. In fact, you can even find shops that sell sports equipment, and toys, and books, and you can even find a shop that sells collectible coins. If you like to shop in your own time, then you’ll find plenty of shopping centers in Ottawa that are open every day of the week. And, you can enjoy some shopping centers at any time of the day, so you’ll never have to worry about finding a shop that is open when you want to shop. Conclusion If you’re someone who is looking for a new place to call home, then Ottawa is the place for you. You’ll find so many exciting things to do and places to explore in Ottawa, and you’ll never be bored in this vibrant and exciting city. Whether you’re into culture, or sports, or fashion, or trying new foods, or exploring new places, you’ll find something to enjoy in Ottawa. If you’re considering a move to Ottawa, then make the most of these reasons why you should. Now is the perfect time to start planning your move to Ottawa.

The Benefits of Moving to Ottawa

The Benefits of Moving to Ottawa: A City You’ll Never Want to Leave

The capital city of Canada is bustling with activities, sights, and sounds that are sure to take your breath away. It’s also a place where you can pursue your career, make friends for life, and have the time of your life. Have you ever wondered why so many people are moving to Ottawa? Perhaps it’s time for you to pack your bags and join them! The vibrant and energetic city of Ottawa has something for everyone. If you’re considering a move to the capital of Canada, here are some reasons why you should. Read on to find out more about this amazing city and all the reasons why you should be packing your bags and moving to Ottawa today.

It’s an Ideal Place to Start Your Career

If you’re young professional who is just starting out in their career, then Ottawa is the place for you. It’s one of the best cities in Canada for young professionals who want to find a job and start earning a good salary as soon as possible. In fact, Ottawa is a place where many successful corporations have set up their headquarters. This means that there are lots of job opportunities for young professionals who want to find a job in their field. If you’re a student who is close to graduating, then Ottawa is also the perfect place for you. In fact, Ottawa is the best city to be a student in Canada. Why? Ottawa has a very low cost of living, and the city is extremely affordable. This means that your money will go much further in Ottawa than in other cities.

Ottawa is Breathtakingly Beautiful

No article on why you should move to Ottawa would be complete without a mention of just how breathtakingly beautiful it is. From the awe-inspiring views of the Parliament Buildings, to the lush green parks, to the stunning architecture of the museums, Ottawa is a stunning place that is sure to take your breath away. If you’re considering a move to the capital city of Canada, you should know that you’ll be able to enjoy the stunning views of the Parliament Buildings any time you like. The Parliament Buildings are open to the public, so you can visit them and enjoy their beauty at any time. There’s no better way to start your day than by admiring the stunning beauty of the Parliament Buildings!

Ottawa is Full of Culture and Activities

If you’re a culture-loving person who likes to immerse themselves in different cultures and try new activities, then Ottawa is the ideal place for you. Ottawa is home to many museums and cultural attractions that are sure to capture your imagination and excite your curiosity. Whether you’re interested in Canadian art, the Canadian military, or First Nations history, Ottawa has a museum or cultural attraction that is sure to interest you.

If museums aren’t really your thing, then you can still enjoy the cultural richness of Ottawa at one of the many festivals that are held in the city every year. There are festivals for almost every interest, hobby, and lifestyle. If you’re someone who likes to try new things, then Ottawa is the place for you. The city is teeming with things to do, from shopping at one of the many malls, to trying out a new restaurant, you’ll never be bored in Ottawa.

Ottawa Helps You Stay Active and Healthy

If you’re someone who likes to stay fit and healthy, then Ottawa is the place for you. You’ll find plenty of parks, beaches, and places to run, walk, and cycle in Ottawa, which are all great for staying active and healthy. There are plenty of gyms and fitness centers in the city, so you can work out indoors if the weather isn’t great. And, you can find plenty of healthy places to eat and drink, so you can make healthy eating a part of your daily routine. If you’re a sports fan, then you’ll be pleased to know that Ottawa is home to many sports teams, so you can enjoy watching your favorite sports whenever you like. If you’re someone who likes to stay healthy, but you’re not really into team sports, then you can still find plenty of ways to enjoy the benefits of staying active in Ottawa.

There Are So Many Restaurants to Try!

If you’re someone who likes to try new restaurants, then you’ll be pleased to know that Ottawa has plenty of amazing restaurants to try. Whether you’re into Asian food, or Italian food, or French food, or burgers, or pizza, or tacos, or seafood, or steak, or anything else, you’ll be able to find a restaurant that serves your favorite meal in Ottawa. And, you can enjoy plenty of amazing deals at the many restaurants in Ottawa, so good food doesn’t have to be expensive. If you love trying new restaurants, then you’ll find plenty of delicious dishes to sample in Ottawa. And, you can enjoy plenty of delicious dishes at an affordable price, so eating out in Ottawa is always a great experience.

There’s So Much Shopping in Ottawa

If you’re someone who likes to shop, then Ottawa is the place for you. The city is teeming with shopping centers, so you’ll never run out of places to shop. You can find shops that sell everything from clothes, to makeup, to health and beauty products, to home decor. In fact, you can even find shops that sell sports equipment, and toys, and books, and you can even find a shop that sells collectible coins. If you like to shop in your own time, then you’ll find plenty of shopping centers in Ottawa that are open every day of the week. And, you can enjoy some shopping centers at any time of the day, so you’ll never have to worry about finding a shop that is open when you want to shop.

Conclusion

If you’re someone who is looking for a new place to call home, then Ottawa is the place for you. You’ll find so many exciting things to do and places to explore in Ottawa, and you’ll never be bored in this vibrant and exciting city. Whether you’re into culture, or sports, or fashion, or trying new foods, or exploring new places, you’ll find something to enjoy in Ottawa. If you’re considering a move to Ottawa, then make the most of these reasons why you should. Now is the perfect time to start planning your move to Ottawa.

We here at Capital Mortgages in Ottawa look forward to assisting you with all your Ottawa mortgage refinancing needs. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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Ottawa Mortgage Broker Services: 5 Reasons Why You Should Choose Us

Ottawa Mortgage Broker Services

Ottawa Mortgage Broker Services: 5 Reasons Why You Should Choose Us

If you’re looking to buy a home in Ottawa, you will likely need to secure financing. To do so, many people turn to mortgage brokers for assistance. A broker can help you find the best mortgage for your needs and assist with the application process. They also work as an intermediary between you and the lender, helping to finalize the details of your new home loan. If you are interested in buying a house in Ottawa soon and want to learn more about mortgage brokers, this blog post is for you! Here we’ll discuss why a broker is your best friend if you’re looking to purchase real estate in this city.

You’re eligible for more mortgage options when you use a broker.

The first advantage of using a broker is that they can help you gain access to many more mortgage options. A broker can use their network to find you a variety of lenders, many of whom you wouldn’t otherwise be able to access. Why is that? Simply put, most lenders are not interested in serving individual clients. They are interested in serving institutions – such as banks, credit unions, and trust companies. However, if you work with a broker, they can help you access these institutional lenders directly. This gives you access to the same options that these institutions offer to their own customers.

You can find the best rates with a broker.

Another advantage of working with a broker is that they can help you identify the best mortgage rates. This can be especially handy if you’re looking to make a cash-out refinance – where you take out additional cash for renovations, home repairs, or other property enhancements. Because this type of refinance does not qualify for government assistance, you’re more likely to receive a higher rate. Working with a broker is one of the best ways to find a low rate. A broker can help you compare rates from different lenders and identify the ones that offer the best possible rates for your circumstances.

A broker handles the application process for you.

The third advantage is that a broker handles the application process for you. This is a huge benefit of using a broker, especially if you’re a first-time home buyer. When you use a broker, they will help you through the application process and manage it for you – including communicating with your financial institution and required documentation. This process can be long and tedious, especially if you’re not familiar with mortgage applications.

A broker will help you understand your options – including any downsides.

Another great thing about working with a broker is that they will help you understand the full picture of your mortgage options. They will help you understand the positives and negatives of each option. This is especially helpful if you’re a first-time home buyer and don’t know much about mortgages.

A Licensed Mortgage Broker is an expert in lending practices.

Finally, a broker is also an expert in lending practices. They know what lenders look for when approving a mortgage application. As a result, they can help you craft an application that maximizes your chances of approval. A broker also knows how to navigate around a tricky situation. If you’ve had financial challenges in the past – like a bankruptcy, credit card debt, or collections – you might feel like you’re locked out of the mortgage market. However, a broker can help you navigate these challenges. They can help you identify the best mortgage options for your unique situation.

Conclusion

In summary, there are many advantages to working with a broker when you’re buying a home in Ottawa. They can help you find the best rates, access more mortgage options, and handle the application process for you. A broker is also an expert in lending practices and can help you understand your options. If you’re looking to buy a house in Ottawa, a mortgage broker can be a helpful resource.

We here at Capital Mortgages look forward to assisting you with all your Ottawa mortgage broker needs. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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The Difference Between Closed and Open Mortgages: Which One is Right for You?

Closed and Open Mortgages 2022

The Difference Between Closed and Open Mortgages: Which One is Right for You?

What are the differences between closed and open mortgages? Which one is right for you? If you’re thinking of buying a home, you’re probably aware that there are different types of mortgage options available to you. However, with so many different mortgage types out there, it can be difficult to decipher which one is best for you. Understanding the differences between closed and open mortgages can help you decide which mortgage type is right for you. If you’re planning to buy a home soon and have been researching your mortgage options, chances are you have heard about both closed and open mortgages. This article explains what these two mortgage types mean and how they affect your financial future in different ways. Keep reading to learn more.

What is a Closed Mortgage?

A closed mortgage is a mortgage that is fully underwritten and funded with no remaining loan amount. Closed mortgages are typically used for purchase transactions where the buyer has sufficient funds for the down payment and closing costs. Closed mortgages are also known as conventional mortgages. Closed mortgages are typically more expensive compared to open mortgages because the underwriting process is more extensive and requires more documentation. Due to the extra risk involved in the underwriting process, closed mortgages have higher rates.

What is an Open Mortgage?

With an open mortgage, the amount of funds required to close the deal is less than the full loan amount. This means you have the option to increase the amount of the loan at a later date after you’ve acquired a better understanding of your financial situation. Open mortgages are usually offered by government-backed mortgage providers such as the FHA or VA. Open mortgages are sometimes referred to as assumable mortgages, which means that the person who takes over the mortgage can assume the original borrower’s rights and obligations related to the loan.

How Are They Different?

Closed mortgages have a fixed rate and term, meaning that the interest rate and loan term will stay the same for the duration of the loan. Open mortgages, on the other hand, have a fixed rate for the first 5–10 years, but the loan term is adjustable after the initial period, which means the loan term can be extended.

Open mortgages also allow for a refinance of the loan at some point in time.

Key Differences

Interest Rate: Interest rates for closed mortgages are typically higher than those for open mortgages. This is due to the fact that underwriters must take on more risk with an open mortgage, so they are compensated with higher interest rates.

Monthly Payments: A closed mortgage typically comes with a fixed monthly payment amount over the course of the life of the loan. An open mortgage, on the other hand, will not have a fixed monthly payment amount. Instead, you will be required to make monthly payments that will cover the interest and loan principle.

Repayment Methods: Closed mortgages usually have a fixed repayment plan that must be repaid over the course of 30 years. Open mortgages, on the other hand, have an adjustable repayment plan over the course of 20 years.

Equity: With a closed mortgage, you have positive equity in your home from day one. This means that you have equity in the amount of money in the home, plus any appreciation of the value of the home. With an open mortgage, however, you have negative equity in your home from the start. This means that you owe more money than the home is currently worth.

Closing Costs: Closed mortgages have higher closing costs than open mortgages. – Borrowing Power: With a closed mortgage, you have the full amount of borrowing power immediately upon closing the deal. With an open mortgage, you have limited borrowing power initially and can increase the amount of the loan at a later date.

Which One is Right for You?

Closed mortgages provide you with a fixed rate and provide you with a sense of certainty in the long term. However, you will have to pay higher monthly payments in order to cover the additional risk that is taken on by the lender.

Open mortgages are appealing to first-time homebuyers because they provide lower rates and a longer repayment period. You may have to pay more in the long term, but it may be worth it if you are short on cash.

As a general rule, if you are short on cash, have a low credit score, or have had a bankruptcy in the past, you may want to consider an open mortgage. Otherwise, a closed mortgage is likely the best choice for you.

Bottom Line

Closed mortgage and open mortgages each have their own set of pros and cons. It’s important to understand the differences between the two so you can decide which one is best for you. If you’re thinking of buying a home and need help deciding between a closed and open mortgage, you can always consult a mortgage lender to help you make the decision.

We here at Capital Mortgages look forward to assisting you with all your Ottawa mortgage needs. Ottawa open mortgages, or Ottawa closed mortgages, we can help. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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10 Secrets to Explore Parliament Hill in Ottawa

10 Secrets to Explore Parliament Hill in Ottawa

The Hill is a big part of Ottawa. It’s one of the most recognizable landmarks in the city, and it’s been that way for a long time – Parliament Hill has been welcoming visitors for over 150 years! With so much history and beauty waiting to be discovered, you might think that everyone knows about all there is to see here. Arguably one of the most beautiful locations in Canada, Parliament Hill is also a prime example of how culture can flourish when local government supports its residents. However, as with any famous landmark, getting into the House of Commons or Senate chambers isn’t exactly easy. This article contains useful tips on how to visit Parliament Hill in Ottawa while also exploring its hidden gems!

The Basics

Before you set out to explore Parliament Hill, it’s important to take note of a few things. Unlike other popular landmarks, Parliament Hill is a working government building, not a tourist attraction. This means that it closes earlier than most other attractions, and there are strict rules about how and when people can visit. The Hill remains closed to the public from 5:30am to 8am, and from 6pm until 11pm daily. During these times, the only people permitted to be on the Hill are those visiting the House of Commons, Senate, or Library and Archives Canada. On Saturdays, Sundays, and holidays, the Hill remains closed to the public from 8am to 6pm. During these times, the only people permitted to be on the Hill are those visiting the House of Commons, Senate, or Library and Archives Canada. Capital Mortgages can help you with all your mortgage needs.

Timing is Everything

Since the House of Commons and Senate close to the public at 5:30pm, you’ll want to make sure you arrive early enough to see these essential landmarks. You can plan to arrive 10 to 15 minutes before the buildings open (5:30am for the House of Commons and 6:30am for the Senate), as tours often fill quickly. After the buildings close, there are no guided tours of the Chambers, and no one is permitted to view the Chambers. This means that you’ll have a limited amount of time to see the Chambers before you’re asked to leave.

Parliament Hill: The Scenic Route

The most obvious way to visit Parliament Hill is to follow the path that millions of people have taken before you. However, this way of visiting the Hill doesn’t take advantage of its hidden gems. The scenic route is a beautiful way to visit Parliament Hill, but it doesn’t take advantage of the route’s hidden gems. The scenic route starts at the south end of Parliament Hill and circles around the east side of the structure. On this route, you’ll pass the Canadian War Museum, the National Arts Centre, and the outdoor sculptures of the National Gallery. This route is by far the easiest way to visit Parliament Hill, but it doesn’t take advantage of the path’s hidden gems. Ottawa’s Capital Mortgage brokers will help you with all your mortgage needs.

Parliament Hill: The Hidden Paths

If you want to visit Parliament Hill and take advantage of its hidden gems, then you want to take the path that few people take. This route starts at the west side of the building and circles around the north side. It takes you through Confederation Square and past the Canadian Museum of History. Although this route takes longer than the scenic route, it takes advantage of the path’s hidden gems. On this route, you can visit the Tunnels under the Hill. The Tunnels give you an inside look at how daily business is conducted in Ottawa. This route is by far the most interesting way to visit Parliament Hill, but it’s also the most difficult.

Visiting the House of Commons and Senate Chambers

The House of Commons is one of the most iconic sights in Ottawa. Unfortunately, the only way to see inside it is through a guided tour that’s offered daily. To request a tour, you must first call, write, or visit the website. Tours are offered on a first-come, first-served basis, and schedules fill up quickly. To book a tour, you must provide your full name, date of birth, home address (including postal code), telephone number, and email address. If you’re under 18, you must also provide the name, date of birth, home address (including postal code), telephone number, and email address of your parent or guardian.

Ottawa is More than Just Parliament Hill

While Parliament Hill is a beautiful landmark, it’s important to remember that it’s just one part of the city. While you’re in Ottawa, you’ll want to make sure to check out other notable attractions, such as the Byward Market, the Canadian Museum of History, and the Canadian Museum of Nature. The Byward Market is one of the oldest markets in all of Canada, and it’s a great place to explore local cuisine, art, and culture. The Canadian Museum of History is a massive building that traces thousands of years of Canadian history. Lastly, the Canadian Museum of Nature focuses on nature and all its wonders. These are just a few examples of the many attractions that make Ottawa a great place to visit.

Bottom Line

While this article contains useful tips on how to visit Parliament Hill in Ottawa, it also highlights the importance of exploring the hidden gems of this landmark. Although Parliament Hill is a beautiful landmark, it’s important to remember that it’s just one part of the city. If you want to visit Ottawa, then you’ll want to make sure to check out the many attractions that make up this diverse city.

We here at Capital Mortgages look forward to assisting you with Ottawa mortgage needs and approvals. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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Mortgage Insurance

Why You Need Mortgage Insurance -Lender

Why You Need Mortgage Insurance

Buying a home is one of the most important decisions you’ll ever make. That’s why it’s so important to get it right. Whether you’re a first-time homebuyer or not, there are plenty of things to think about when you’re getting ready to purchase your dream house. One thing that often gets overlooked is mortgage insurance. A lot of people don’t know much about what it is, but here are some things you need to know about it before deciding whether or not to add it to your loan.

What is mortgage insurance?

Mortgage insurance is a type of insurance that protects the lender, not the borrower. It’s designed to protect the lender if the borrower defaults on their mortgage by providing funds to make sure they get paid back. In most cases, it only protects you if your down payment is less than 20 percent of the home price or less.

How does it work?

Mortgage insurance protects you if you’re unable to make your house payments. In the event that you become unemployed, or your income and expenses change, and you aren’t able to keep up with your mortgage repayments, it’s possible that the bank can take over your home.

Why should you have it?

Mortgage insurance is a way to protect the lender from a loan default. If you were to default on your home loan, the lender would need to cover the difference between what you owe and what your house is worth. Without it, lenders could be out of pocket for large sums of money. But with it, they are protected against this risk.

If you’re buying a home with someone else, you’ll need mortgage insurance. When two people buy a house together and only one person has good credit, then both parties will need mortgage insurance because one party can’t guarantee the other’s debt. It also protects against fluctuations in interest rates or in property values that may cause your monthly payments to rise or fall by more than 10 percent in five years’ time.

How much will it cost?

Mortgage insurance is a lot like life insurance, with the exception that it’s designed for your home. You can’t see it or feel it, but it  protects you from being in debt should your home be lost to a disaster such as fire or flood.

Mortgage insurance premiums are usually around 0.5% of the loan value, meaning if you’re borrowing $200,000 on a 30-year mortgage, then you’ll pay about $1,000 per year in mortgage insurance premiums.

Conclusion

You’ve found the perfect home and you finally got approved to buy it. Congratulations! Now you’ll want to make sure you have the right type of mortgage insurance to protect you in the event that something happens to your home.

Take a look at the six reasons why you need mortgage insurance here and make sure you ask about it when applying for your loan. It will be one less thing to worry about!

We here at Capital Mortgages look forward to assisting you with Ottawa mortgage needs and approvals. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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Commercial Mortgages Ottawa from Capital Mortgages

Commercial Mortgages: Ottawa

Commercial Mortgages Ottawa: The Basics

Small Commercial Mortgages are designed for small businesses or investors that would like to purchase or refinance commercial real estate. As one of Canada’s largest brokerages for commercial property, we can tailor a financing solution to meet your financing needs.

What is a commercial mortgage?

Firstly, a commercial mortgage is a loan taken out to purchase or refinance a commercial property. The type of commercial property is determined by the lender. Larger businesses will be covered by a mortgage that allows them to receive funds more easily.

What is a residential mortgage?

Secondly, a residential mortgage is a loan taken out to purchase or refinance a residence, such as a home or condo. The type of home is determined by the lender. Larger families and growing families will have a greater demand for a residential mortgage.

The Benefits of Commercial Mortgages in Ottawa

Why are commercial mortgages good?  Higher Returns for Income Portfolio.  The most significant advantage of commercial mortgages is the significant income potential. These can include between 5% to 12%+ of the mortgage profit from current interest rates, paid in addition to income from other forms of financing.

Some of the features of these deals include payment structures which allow you to “pay down” principal over a period of time or varying lengths of time and in some cases even earn a modest return on your investment. The amount of income earned is dependent on your credit score and debt service ratio, which are two factors you can reduce via repayment plans or loan modifications.

Key Considerations

Can a self-directed investor afford the required amount of equity?  Will property they are purchasing meet your desired risk appetite?  Are you able to meet your tax obligations on an annual basis?  Is it in a location you are comfortable with?  Where can you find more information?  Commercial property is not without its risks and liabilities.

Whether you are buying a commercial property or refinancing one, there are many factors to take into account and be aware of. There are some important factors that need to be addressed before a decision to buy a commercial property can be made. This post will explain some of these factors, including:  Evaluating the risks involved with buying or refinancing a commercial property.

Costs Associated with Commercial Mortgages

Most small commercial mortgages are issued by banks, which usually charge a premium of up to 5%. A large number of banks operate with a traditional mortgage format. For this reason, many lenders usually require borrowers to provide three to four years of security and their guarantor’s guarantee for the full amount of the loan.  Commercial property loans require a “qualification” process, which includes an assessment of your commercial properties, your cash flow, your credit history, and your income.

In summation, rates are on the way up and will be for some time. This will impact residential mortgage holders that rely on their credit rating. As credit conditions tighten, borrowers will need to show they are in a better position to make their mortgage payments. If rates continue to increase, this could impact our ability to lend money to our customers.

We here at Capital Mortgages look forward to assisting you with commercial Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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Ottawa Mortgage Specialists: Capital Mortgages

Fun Facts About Ottawa

Ottawa is the capital of Canada

Firstly, Ottawa was the capital city of Canada from 1844 to 1857. It became the national capital in 1867, after having been the capital city of Upper Canada from 1841 to 1843. Ottawa has the largest science museum in North America. The Canadian Science and Technology Museum opened in 2015 and has twice the exhibition space of its nearest competitor.

It’s home to over 2,000 unique objects. 4th largest French-speaking city in the world More than 240,000 people in Ottawa are French-speaking. It’s the fourth largest French-speaking city in the world. The region has over 150,000 people who speak French, which is the most in the country.

The Rideau Canal connects to Ottawa

Secondly, the canal is used in winter for a whole variety of winter sports. Aquatots is a unique music and skydiving company with an Ottawa connection. The Royal Military College of Canada is where Canadian Forces officers come to learn their trades.

The museum of natural history was founded by George Howard in 1830. It’s a museum of natural history & paleontology. The Ottawa Art Gallery is one of the world’s largest in area and holds a superb collection of Canadian Art. Tim Hortons originated as a small restaurant that sprang up to serve soldiers at a local military base. The Ottawa Valley region has several lakes including the Rideau Lakes, Ottawa River and the Ottawa River itself. The City of Ottawa is the capital of Canada and its largest city.

The old city hall was built in 1865

Thirdly, the first reference to Ottawa’s Old City Hall appears in an 1863 draft of the Ottawa Plan of Growth. According to this plan, the area known as Bytown was one of three districts to be laid out in the future capital city of the province of Ontario.

Bytown, at the time a mixture of large farm fields, small woodlands and prairie, was within walking distance of the river and was part of a “park and lake” surrounding Ottawa. In the early 19th century, Bytown was home to a village with a population of around 200. By 1835, the population was around 2000. By 1848, Ottawa became the capital of Ontario and was incorporated as a city in 1855.

Canada’s Parliament Hill is in Ottawa

In 2019, the Canadian Parliament will be undergoing some renovations that will last until 2021. Despite the project’s completion date, the Peace Tower will remain an official tourist attraction and accessible to the public. If you’d like to spend some time there, you can visit any time.

The Moncton Cathedral is the only cathedral in Canada Canada’s only cathedral, The Cathedral of the Immaculate Conception of Our Lady of the Angels, is situated in Moncton, New Brunswick. The cathedral was founded in 1930 by the Congregation of the Holy Redeemer.

The church follows the Roman Catholic Church. Ottawa’s military is the largest in the world The Canadian Armed Forces (CAF) has 25,000 troops with over 300,000 reservists.

There are many famous museums in Ottawa

The Rideau Canal is home to one of Canada’s most beautiful and well-preserved old-world canals. When we’re not sailing on the river, we can visit this historic canal to stroll around or jump aboard a paddlewheeler.

There are over 140 attractions located along the canal Located along the waterfront of the Ottawa River are National Capital Commission (NCC) properties, including Parliament Hill, the NCC’s headquarters, as well as many of Ottawa’s prime tourist attractions.

If you’re looking to go for an overnight stay, Ottawa’s hotels offer fantastic rates. Book an evening stay at the hotel just a few blocks from the airport and enjoy low nightly rates, some include breakfast!

Canada Day is celebrated in Ottawa

The capital of Canada is celebrating our national birthday this year with our biggest fireworks display yet. Come check out the city’s biggest and brightest fireworks celebration this year on July 1.

In conclusion, although Ottawa is a small city, there is plenty to do, see and do it all! There are so many options when it comes to meeting people.

We here at Capital Mortgages look forward to assisting you with Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at: info@capitalmortgages.com

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