Friday, November 26, 2010

Mortgage "Outside the Box"

Have you been working mainly in the domain of residential real estate but would like to expand your business?

Store and Apartment Financing @ 4.99%
Does your client need a storefront or office space to run their business? Why not consider a multi-unit investment, with a storefront or office space for the business, plus one or more apartments.
Financing on a store and apartment with 25% down is available at rates as low as 4.99% , with no proof of income required.

Multi-unit Residential Financing @ 3.25%
Looking for a good investment alternative to the stock market. Look no further than real-estate! You're probably aware that CMHC recently increased the minimum down payment requirement on a 1-4 unit residential property to 20%, but, the minimum down payment on a 5+ residential unit is still just 15%! And how attractive are mortgage rates on a CMHC insured 5+ unit residential property? They're way attractive, with 5-year fixed rate mortgage rate rates as low as 3.25%! That's better than the best available rates on a single family owner-occupied property!

Construction Mortgage @ 3%
Ready to build your dream home? I recently arranged financing for a couple who were building their own home at Prime (currently 3%). Forget about exorbitant rates and fees typical with construction mortgages, this was a sweetheart deal!

Do you need help finding you best mortgage deal? Call me at 416 876 2031. I look forward to hearing from you!


David Grossman MBA
"The Mortage Mensch"
Community Financial Group
Tel: 416 876 2031
website: http:///

Thursday, November 11, 2010


After being declined for a mortgage at the bank, some potential buyers won't even bother to apply again elsewhere. Fearing a drop in their credit score with every loan application and credit check, they don't want to compound the problem by applying for a mortgage with every Tom, Dick and Harry, so they give up altogether.

"What happened?" I recently asked a buyer who arrived at my office after being rejected by the bank. The bank told him he wouldn't qualify for a sofa at The Brick, let alone a mortgage. Most buyers don't have the courage to walk into my office after suffering that kind of humiliation.

The solution is to start the process with a mortgage broker who can match your loan application to the right lender and the right mortgage, from the beginning. One application, one credit check, one real estate transaction.

Because you don't sell sofas.

Call me at direct on 416 876 2031.
Get the service and personal attention you deserve!
I look forward to hearing from you.

Your referrals are sincerely appreciated.
Count on me for fast and diligent service.

David Grossman MBA
Tel: 416 876 2031
Mortgage Specialist (Agent Lic. M08005924)
Mortgage Loans Canada (Broker Lic. 10100)

Wow, 50 Lenders - Who Cares!

There's one super-broker who used to advertise they could arrange your mortgage with any one of more than 50 different lenders. Wow, fifty lenders! Seems impressive, doesn't it?

In reality, it's of little or no value to have that many lenders to send business too.

In my years of experience, I've learned that typically, borrowers are looking for the 3 things:

1) Great service
2) Competive rates
3) A mortgage product that suits them

(If you think I've missed anything, let me know, I am interested in hearing from you.)

You don't need fifty lenders to deliver on these points. In fact, having too many lenders can detract from your ability to deliver. As a broker, it's best to have a just a handful of lenders you send repeat business too, for a number of reasons.

First of all, if you send a lender repeat business, they will get to know and trust you. If your work is good, they'll respond in a more timely manner, so you get faster approvals. They'll also come to make exceptions on more challenging files too, approving files they might otherwise not approve, once they've come to count on your volumes. Finally, you get preferred rates that you can pass on to borrowers, once you reach certain volumes with your lenders.

Do you need to get approved/pre-approved for a mortgage?
I have the relationships in place with my lenders to get you/your buyers the service they deserve and expect!

Call me at 416 876 2031 to the service and personal attention you deserve! I look forward to hearing from you!


David Grossman MBA
Tel: 416 876 2031
Mortgage Specialist (Agent Lic. M08005924)
Mortgage Loans Canada (Broker Lic. 10100)

Wednesday, November 3, 2010

Mortgage Talk/Real Estate Call in Show - Nov 1, 2010- Garry Shapiro & James Watters

Mortgage Talk - Nov 1, 2010- Garry Shapiro & James Watters from David Grossman on Vimeo.

In this episode of Mortgage Talk, host David Grossman, aka the mortgage mensch (​), talks to real-estate and business lawyer Garry Shapiro from Shapiro & Cho (​)
and James Watters from Canspec Building Services Inc (​).
The expert panel fields questions from callers.