tag:blogger.com,1999:blog-85383753563666136312024-02-20T11:06:34.148-05:00MORTGAGE TUBE CANADAby David Grossman, Ontario Mortgage Specialist, Tel# 416 876 2031About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comBlogger95125tag:blogger.com,1999:blog-8538375356366613631.post-37431269922567604512014-03-13T14:55:00.001-04:002014-03-13T14:55:36.180-04:00The Future is Here with DealTap)
If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.Anonymoushttp://www.blogger.com/profile/11885745335511000698noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-73700443910679594432013-11-22T15:52:00.001-05:002013-11-22T15:53:38.733-05:00Why do Self Employed Mortgage Applicants Warrant Special Consideration Self employed mortgage applicants often have a difficult time getting approved for a mortgage. Although they might be earning enough money to service a mortgage, the banks want proof of income. Self employed applicants cannot always prove income adequately to satisfy the bank, either because they get paid for jobs in cash, or because they are showing maximum expenses in order to minimize the About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-23839733476358727472013-11-22T15:48:00.001-05:002013-11-22T15:48:07.097-05:00A Mortgage Broker Should Offer More Than Just MoneyThis morning I spoke with a small real estate developer who has a problem. He is knee deep into a great project that won't break ground until the spring and he is short on cash. The bank won't lend him money because he hasn't reported income in two years. His income comes in fits and starts, like a flood when he is harvesting a project, but in the farming stages, there's no income.
He has About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-43293517097057792992013-01-27T19:58:00.000-05:002013-01-27T19:58:15.636-05:00I was recently interviewed on MortgageBrokerNews.ca. They asked me why a mortgage broker would want to leave one brokerage to join another. Click on the image below to watch the video!
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As seen on mortgagebrokernews.ca
If you are receiving this feed as an e-mail and don't see the post, pleaseAbout David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-28007388193412116862012-12-10T22:10:00.002-05:002012-12-10T22:15:48.645-05:00Find the best mortgage brokerFinding
a mortgage broker is not hard. There are about as many mortgage brokers as
there are real estate agents, insurance agents or investment advisers Reality
is they are a dime a dozen.
Finding
the best mortgage broker, or even a just a mortgage broker who is well suited to
service your particular mortgage loan requirements is another story.
Why
are there so many mortgage About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comToronto, ON, Canada43.653226 -79.383184343.469412 -79.69904129999999 43.837039999999995 -79.0673273tag:blogger.com,1999:blog-8538375356366613631.post-57000223457147476622012-07-19T12:30:00.000-04:002013-05-06T15:11:57.556-04:00Are you looking for a unique & effective way to market your services?Do you have the gift of gab?
Start your own interactive, internet based real-estate TV show!
We will produce a live broadcast on www.livestream.com/alltalktv
for you for just *$150 per half hour show. You can pay as you go, or you
can contract for up to 10 shows to be used anytime between now and
December 31st 2012, if you want to lock in at this price.
*Limited time offer for About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-30715709967068194632012-07-01T02:00:00.000-04:002012-07-03T11:05:36.613-04:00Ask Our Mortgage Specialists: Hosts and Mortgage Specialists David Grossman & Jeff Risi talk to Vince Pellegrino from TD CT
Ask Our Mortgage Specialists: Hosts and Mortgage Specialists David Grossman & Jeff Risi talk to Vince Pellegrino from TD CT Ep 2
If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-24448062847069570912012-06-25T20:38:00.000-04:002012-06-25T20:38:02.540-04:00Ask Our Mortgage Specialists - David Grossman & Jeff Risi talk to private lender Graham Tobe
If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-69678605586081829052012-03-14T21:06:00.003-04:002012-03-14T21:12:26.415-04:00The Art of the DealI'm going to start this column by telling you straight up ~ the above title, The Art of the Deal, was not coined by me. It's the name of a book published by real estate mogul Donald Trump back in 1988. While it's true that Donald Trump -- or companies that bear his name - have declared bankruptcy four times since then, "The Donald" has successfully fought his way back, not only as a real estate About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-85229001164725580382011-09-20T19:59:00.003-04:002011-09-20T20:04:13.060-04:00MORTGAGE BROKER SHOPS AND SHOPS AND SHOPS FOR MORTGAGE — AND FINDS BEST DEALWhen I first got into the mortgage business eight years ago, my mentors talked a lot about funding ratios, the number of mortgages you close with a lender compared to the number of applications you send that same lender. “Don’t apply to more than one lender for a mortgage” they told me, “lenders keep track of the number applications you send them, and if you don't close enough of them, they will About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-78168758424379655362011-04-14T19:09:00.003-04:002011-04-14T19:14:31.189-04:00Mortgage Broker Gets You More MoneyAfter applying for a mortgage at their bank, a couple were told they would need a 35% down payment to qualify. Since this was more money than they could manage, their real estate agent referred them to me for a second opinion. Having recently been transferred to Canada from another country, the couple were now living and working in Canada on Work Visa's. After researching the mortgageAbout David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-34268977153360570312011-04-01T17:43:00.001-04:002011-04-01T17:44:59.045-04:00Watch this Video and find out who is Lending MoneyFind out who is lending money from David Grossman on Vimeo.If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing to this blog! For more information call David Grossman at 416 876 2031 or go to http://www.mortgagemensch.ca to visit website.About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-49209864148041039552011-04-01T17:42:00.000-04:002011-04-01T17:43:39.595-04:00Up to 85% Financing on Owner-Occupied Commercial PropertiesWhat else is there to say about 85% commercial property financing?Oh yeah... Call Me! @ 416-876-2031 I want to hear from you! David Grossman MBAMCC Mortgage Loans CanadaTel: 416 876 2031If you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribingAbout David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-59893804271281510672011-02-18T06:34:00.003-05:002011-04-01T17:40:42.448-04:00Episode #2: Keepin it RealToday's guests; Harley Gold, Penmor Mortgage Capital Corporation; Greta Tachdjian, Unique Stagers; Michelle Risi, V.P. Business and Project DevelopmentRoyal LePage Your Community RealtyIf you are receiving this feed as an e-mail and don't see the post, please click back to the blog page http://mortgagemensch.blogspot.com/ as it is probably a video that has been posted. Thank you for subscribing About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-56913287333512177582011-02-18T06:33:00.001-05:002011-02-18T06:34:24.207-05:00The Sales-Gods at work A colleague once told me he believed in the Sales-Gods. "In the game of selling, the Sales-Gods were always at work" he would say. Funny as it sounds, I think he was right. Let me explain. Let's say you're hard at work farming territory 'A.' Suddenly, an opportunity bubbles up in area 'B.' Ever wonder why this happens? It's the Sales-Gods, rewarding you for your work. I have aAbout David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-61017716686866039622011-02-18T06:30:00.001-05:002011-02-18T06:33:03.785-05:00Carrying the BallThere are different reasons why people drop the ball. Sometimes the ball is hard to carry. That's no excuse though, because if you agree to carry it, you must take responsibility for it. If you can't carry it, pass it to someone who can and introduce the original handler to the new carrier. The other day a realtor called me because a mortgage broker dropped the ball on her buyer. I About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-86461577921209001092011-01-04T16:35:00.002-05:002011-01-04T16:39:02.402-05:00148% Debt to Income-Ratio Has Long Way to GoA couple of weeks ago Mark Carney, from the Bank-of-Canada, said the average Canadian's debt to income-ratio was 148% -- "much too high" he said, "we need to tighten our belts." Since that press release, every time I turn on the radio or the TV somebody's talking about 148% this or a 148% that. Even P.M. Stephen Harper weighed in, "we've tightened mortgage rules before" threatened the PrimeAbout David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-90057914153403690742010-12-23T22:23:00.002-05:002010-12-23T22:27:19.112-05:00A Holiday Greeting for YouI'd like to take this opportunity to wish you all a happy holidays and successful 2011. Thank you for reading my emails this past year, and for all your mortgage referrals. I am grateful having had the opportunity to serve you. Whatever holiday you celebrate, there's no denying this is a great time of year for all to wind down and spend time with family and friends, despite the cold weather.I About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-36630076217520114822010-12-20T10:14:00.002-05:002010-12-20T10:15:55.290-05:00A Preapproval is a Promise; And a Promise is a PromiseChris Kringle was about to sign on the dotted line - a firm offer - no room for error. "My bank preapproved me for this mortgage last week" Kringle boasted to his realtor, "let's go in firm." Kringle was ever shocked later when he learned he was, in the end, declined by the bank. "You said I was preapproved" complained Kringle to his banker. "How could you?" ------Although this isn't a true About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-45880618323143095992010-11-26T14:12:00.002-05:002010-11-26T14:23:21.697-05:00Mortgage "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 About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-12119568231730714952010-11-11T15:20:00.003-05:002010-11-11T15:24:34.259-05:00BANK TOLD MORTGAGE APPLICANT HE WOULDN'T QUALIFY FOR A SOFA AT THE BRICKAfter 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 afterAbout David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-6871907665811558262010-11-11T15:16:00.002-05:002010-11-11T15:20:00.648-05:00Wow, 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 service2) Competive rates3)About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-51002850072285535102010-11-03T20:34:00.005-04:002010-11-03T21:20:01.430-04:00Mortgage Talk/Real Estate Call in Show - Nov 1, 2010- Garry Shapiro & James WattersMortgage 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 (http://mortgagemensch.blogspot.com/), talks to real-estate and business lawyer Garry Shapiro from Shapiro & Cho (http://www.shapirocho.com/) and James Watters from Canspec Building Services Inc (http://www.canspechome.com/). TheAbout David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-89868197693615813652010-10-14T05:28:00.004-04:002010-10-14T05:35:26.941-04:00Line of Credit/Mortgages for Self Employed(Video Below!!!)In business, as in life, we've all experienced good times and bad. You will know this to be especially true if you are self employed. If you're in a business that is cyclical, how do you manage your financial obligations during slower times? Answer: Get a Line of Credit The best time to arrange a line of credit is when times are good, but if don't have that prearranged, I would About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.comtag:blogger.com,1999:blog-8538375356366613631.post-10355682950822330992010-09-23T11:12:00.001-04:002010-09-23T11:15:11.506-04:00Consolidating 3 mortgages into 1This applicant 1st came to me two years ago to arrange a 3rd mortgage on their property in order to pay off some debts. They ended up paying a high rate - 13% - on the 3rd because their credit was badly bruised. With some credit coaching, now, 2 yrs later, I was able to arrange a single mortgage to consolidate all 3 mortgages at a low of 4%. Call me, David Grossman at 416 876 2031, if you need About David Grossmanhttp://www.blogger.com/profile/13885721554805504715noreply@blogger.com