Watch this Video and find out who is Lending Money

Find 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.

Up to 85% Financing on Owner-Occupied Commercial Properties

What 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 MBA
MCC Mortgage Loans Canada
Tel: 416 876 2031

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.

Episode #2: Keepin it Real

Today's guests; Harley Gold, Penmor Mortgage Capital Corporation; Greta Tachdjian, Unique Stagers; Michelle Risi, V.P. Business and Project Development
Royal LePage Your Community Realty

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.

The 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 a friend who's an ardent believer in The Law of Attraction, an idea made extra popular in a famous book called The Secret. While I do believe in the Law of Attraction, I think some people have big misconceptions about it. The same friend once told me I'd be able to make a parking spot appear just by imagining it. Better to imagine winning the lottery I think...
     Recently I've been putting the Law of Attraction to work by telling realtors I've been working on mostly larger mortgages transaction. "It takes the same amount of effort to close a big one as it does a to close a small one" I tell them. And of course the benefits, which are the same for the realtor as they are for me are obvious - bigger payoff!    
One further benefit of working on larger transactions; our lenders assign more experienced people to work on them, so in many ways, getting an approval is even easier!  
      Have an opportunity you want to talk about? Call me at 416 876 2031.
I look forward to hearing from you!
Miss the last episode of my TV/talk show "KEEPIN IT REAL" on selling more commercial properties and Homestaging? Go to www.mortgagetube.ca to it watch now! 

Carrying the Ball

There 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 know what it's like to have the ball dropped on you. Last week someone dropped the ball on me and it cost me $4,000. 
     Fortunately, someone else passed me a new ball earlier in the week, so I might come out Even-Steven.
     I could probably carry one more ball, in case you are looking for someone reliable to pass a ball to.
 Call me if you want to talk.

Are you are worried that the residential real estate market is going to dry up because the Department of Finance wants to further tighten mortgage lending? Don't worry. You can always sell investment properties! 
For more information, join me live on KEEPIN IT REAL, Monday January 31st from 9-10 AM on Thatchannel.com for an interactive webcast.
Guests include Harley Gold from PENMOR MORTGAGE CAPITAL CORPORATION and Greta Tachdjian from UNIQUE DESIGNS.
     Learn how to make more money selling investment properties and how to stage a home for a quick sale.    

148% Debt to Income-Ratio Has Long Way to Go

A 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 Prime Minister,"if we have to do that again, we will". Wow, even the Prime Minister of Canada has something to say about mortgages!

To get the whole story on this 148% issue, I turned to Google. I searched the term "148% debt." Here's what I found.

First I found a blogger from somewhere in Europe who says he is personally 148 Million in debt. Here's the entry if you don't believe me: http://www.manindebt.com/2010/02/01/over-148-million-in-debt. I'm not sure how he came up with that figure - when you look at things a bit closer it appears he's only $75K (in $US) in debt. Even at just $75K, since he only makes around $20K per year, his debt to income ratio is a whopping 375%! Now that's high!

Then I found this press release from last year saying that Lebanon's debt was 148% of its GDP, amounting to something like $51 Billion US dollars. Now that's a lot of hummus! Here's that article in case your into Lebanonese economics: http://www.meed.com/sectors/economy/lebanon-debt-hits-148-of-gdp/3050036.article

Depsite all my reseach, I felt that something was still missing. Then, the answer hit me like a bolt of lightening, somewhere between the 25th of December and new-years eve, one night while in a stupour.

The reason Canadians carry a lot of debt relative to other countries, like the US for example, is that house prices keep going up in Canada, or have remained stable, while prices in the US tanked. And guess what you need when you buy a house? You guessed it - a mortgage! Eureka! There was the answer, right there next to a half a bottle of Absolut! The amount of debt we have is directly correlated to the strength in our real-estate market!

Thankfully, so far, Canadians have been able to service their debt payments. So, Canada, just stay the course. Keep on doing exactly what your doing! And Happy New Year!

I hope your 2011 if filled with great things including your highest number of real estate transactions ever!


Do you want to be served by a mortgage agent who has many buttons on his calculator and who knows how to use them?

Call me direct @ 416-876-2031.

I want to hear from you!

Your referrals are sincerely appreciated.

Count on me for fast and diligent service!

Sincerely,

David Grossman MBA
Tel: 416 876 2031

Website: www.mortgagemensch.ca

MENSCHlife TV: Click Here to Watch Now!


Mortgage Specialist (Agent Lic. M08005924)
Mortgage Loans Canada (Broker Lic. 10100)