The difference between “Restructuring” and “Refinancing” In a constantly changing environment, it is important to ensure that your bank and mortgage are keeping up with both interest rate movements and your own personal circumstances. If not, it may be time for you to change things up as well. When evaluating your circumstances, there are typically TWO options available: Restructuring – (Internally) Refinancing – (Externally) Restructuring (Internally) with your Existing Lender Reviewing your finances does not always have to result in refinancing to a new lender. Often, you can restructure your finances with your…

Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and no lease fees to find a new tenant. The lease just carries on as it did before you purchased the property. Sound good? Of course it does. There are some possible problems to be aware of though. It’s very important to check whether the lease on your prospective investment is current or the tenants are on an expired lease. If the tenants are off-lease, they can give a short…