Tembo Featured on Prof Bruce

Tembo Financial has been featured in a blog! Bruce M. Firestone, PhD, recently discussed Tembo’s unique and innovative financing service on his blog: Prof Bruce. After viewing Tembo Financial’s newly released commercial, (Click here to view.) Firestone published an article outlining a number of scenarios as to how entrepreneurs can finance their real estate projects through Tembo’s unique service. He describes Tembo’s undertaking of financial security and the endless possibilities of homes as an asset.

Click here to view Prof Bruce’s article on Tembo Financial.

Furthermore, Firestone provides readers with more ways to use Tembo, extending this unique service to those who flip houses and those who would benefit from bridge financing. Relevant to a condominium dominated city like Toronto, he explains how Tembo is particularly useful for closing deposits and other expenses associated with owning a condo.

Prof Bruce described Tembo Financial as “an alternative open-minded equity focused lender”. Contact us today to get an advance on your money in as little as 48 hours with no appraisal and no credit check*.

*Subject to qualification.

Your New Home Purchase

The search for your new home purchase is not always easy. Some people find themselves searching for months until they’ve found the perfect community to suit them in the next step of their lives. Evidently, a new home purchase is a huge financial responsibility, and Tembo Financial is here to help.

Here are some tips from Tembo on how to maintain and make the best of your new financial responsibility:

Make your mortgage payments on time

Standard mortgage payments are monthly, weekly, or biweekly and it is suggested that whichever option you chose is in accordance with your pay schedule. A late payment can result in delinquency which hinder your credit rating and/or lead to an accumulation of late fees. Late payments in excess can lead to foreclosure.

Plan for the costs of operating your home
You must consider what you need to spend on a monthly basis for your home. This could include but are not limited to condominium fees, parking, and security.

Set a budget and live within it
You should have both short-term and long-term financial goals and evaluate your spending on a monthly basis.

Save for unexpected expenses
Unexpected expenses can range from damage to a window to the replacement of your furnace. Though we are discussing homes it is important to realize that personal unexpected expenses could also arise such as a illness or other emergency.

Once you are ready to purchase a new home, be sure contact Tembo Financial to find out how you can receive the money from the sale of your previous home in as little as 48 hours*. This is crucial in the preparation of taking on your new financial responsibility.

*Subject to qualification.

Financing Your Renovation Project

There are many financing options to consider when renovating your home. Whether you are renovating to save energy, improve safety, build an additional room, increase the resale value, or just for a change of scenery – Tembo Financial can help you. It is always best to look at all of your financing options and do your research. Some possible options include: a personal loan, private lending, a line of credit, refinancing your mortgage, etc.

It is also important to recognize that if you are renovating to increase energy efficiency, there are more benefits than you may think. Renovation grants and rebates are available to all Canadians from the federal and provincial governments for energy-saving renovations.

To ensure your planning is realistic and within reason you should discuss your new project with Tembo Financial today. Tembo offers this unique service to homeowners in the Greater Toronto Area and Ontario. You can receive your money from the sale of your previous home to put towards the renovations of your new home or repairs to your existing sold home in as little as 48 hours with no credit check or appraisal*.

*Subject to qualification.

Your Real Estate. Your Asset.

According to an article from The Globe and Mail, Canada’s mortgage debt has more than doubled in the past decade, to nearly $1.3-trillion even though South of the border, the U.S. economy is looking up. Unemployment is down, wages are rising, homebuilding is increasing, and interest rates are likely on the rise. However, here at home things aren’t looking so up and coming. Though the Canadian economy is doing better than many expected, it doesn’t compare to that of the United States.

Tembo Financial recommends turning to real estate as an investment. In simplest terms, the owner (landlord) rents their property or a portion of their property to a tenant. That landlord is then responsible for paying the mortgage, taxes and costs of maintaining the property. Therefore, the landlord will charge enough rent to cover all of the necessary costs.

Tembo can help you by giving you an advance on the money from the sale of your existing home or property so you can get started on the next property. Tembo Financial can give you a loan in as little as 48 hours with no appraisal and no credit check.

*Subject to qualification.

Organizing Your Finances

Most people get overwhelmed when thinking about financial planning and security. Since it can be a quite complex situation, people tend to avoid it but it is only a matter of establishing a foundation and building up from there.

Here are a few tips from Tembo about how to organize your finances:

When planning your financial future, you should start by looking at your current situation, including income, day-to-day expenses, along with your short-term and long-term goals. Most importantly, consider your debts and set a realistic goal for when they can be paid off.

Everyone, regardless of whether you make $50,000 or $150,000 should establish a monthly budget and stick to it. This will allow for consistency and benefit you in the long-term. Living on a budget will give that extra security and comfort zone so when unexpected expenses arise, you will be prepared. However, in case you need any extra help, Tembo is there for you.

Tembo Financial offers a unique service to people in the GTA and across Ontario through their quick and easy loan service. You could receive your money in as little as 48 hours with no appraisal and no credit check*.

*Subject to qualification.

Canadians Spend $68 Billion in Home Improvements

Canadians are increasingly spending more money to update their houses over purchasing new ones. The Financial Post notes that renovation spending reached $68 billion in 2014 with expectations of growth at 3 per cent annually in 2015 and 2016. Most of this money is going into improvements rather than repairs, which proves that these renovations are for the most part, optional.

The cost of homes in Toronto and the GTA are constantly on the rise and it appears that homeowners have found it more cost-effective to do alterations on their current home rather than to purchase a new one. The Canadian Real Estate Association states that the average amount of money spent on renovations following a real estate sale was nearly $10,000 in 2013. Taking this into account, it is clear that almost any new purchase in real estate will require some form of renovations.

Whether you chose to renovate your current home or purchase a new home, Tembo Financial can help you make this process as easy as possible. With access to your money in as little as 48 hours with no appraisal and no credit check* Tembo makes your home’s possibilities endless.

*Subject to qualification.

A Good Home Inspection

A good home inspection can increase the value of your home, decrease the time it’s on the market and minimize negotiation on the selling price. Home inspections are not just for buyers but for sellers too. As a seller a good home inspection report will increase your selling price substantially and reduces the risk of buyers coming back to renegotiate the selling price. This is because you have a professional’s signed opinion, documenting the true value of your home with legitimate numbers that everyone can understand. This is useful for home buyers, home sellers, and even homeowners.

A good home inspection report should include the names and numbers of all contractors who have done any improvements on the house, product warranties, and anything else that could potentially make the buyer more comfortable. Minimizing the risk for the homebuyer should be the goal of the seller, this may result in a higher selling price however this extra assurance is a selling feature on its own.

Once or perhaps even during this step of the home selling/buying process, it’s time to contact Tembo Financial. Tembo can help you get an advance on the money you are entitled to. Tembo offers this unique loan service to home sellers/buyers across the GTA and Ontario, with no appraisal and no credit check granting you access to your money in as little as 48 hours*.

*Subject to qualification.

Self-Employed Canadians Face Tougher Rules When It Comes To Real Estate

Experts say that lenders have become more stringent on providing mortgages to the average self-employed Canadian. Though the number of Canadians working for themselves is steadily rising, at approximately 2.7 million in 2014, the rules are continuing to be tightened. The self-employed are required to put down larger down payments and show more documentation to prove their businesses. The self-employed are pressured to verify the accuracy of their credit score.

At Tembo Financial borrowers can have their money in as little as 48 hours with no appraisal and no credit check*. For example, instead of waiting for your closing day which could be in the distant future, you could receive your proceeds within 48 hours*. Tembo Financial offers Ontarian’s a unique service to receive a loan for expenses like: a deposit for new purchase, closing costs, moving expenses, unexpected expenses, renovations, lifestyle, debt consolidation, and taxes.

*Subject to qualification.

Investment Tips From Tembo

One of the number one tips for investing is diversification. Most value investors chose to concentrate their holdings by only investing in their 10 to 15 top ideas. Whereas successful venture capitalist’s have close to 100 companies in their holdings or portfolio. Obviously, investors will subsidize the companies that most interest then, but that doesn’t mean one should put “all their eggs in one basket”. Having a diverse portfolio is beneficial to those less informed on the stock market and is an ideal strategy since most people can not predict which stocks have years of outperformance ahead of them.

Strategically, patience is most important when it comes to investing for the reason that stocks should be bought cheap and when they approach a fair value should be sold. This can often take years to play out which is why patience is key when financing a venture.

Whether or not investing is one of your expenses, Tembo Financial can advance your equity and give you a loan in as little as 48 hours with no appraisal or credit check*. Tembo offers property owners a unique service whereby they can apply for an advance on their money prior to the closing of their property.

*Subject to qualification.

Consolidating Your Debt

Debt has never been more relevant in Canada that it has in the last decade. Many Canadians continue to fall deeper and deeper into debt with no way out. According to Statistics Canada, 71 per cent of all Canadian families carried some form of debt in 2012. With a population of over 35 million people, that means that nearly 25 million Canadians are in debt. With home prices on the rise and the cost of living up, it seems that this number has no where to go but up.

Tembo Financial can help you consolidate your debt! If you’re selling your home and do not want to wait until closing to receive your equity, call Tembo today. Tembo Financial offers unique loans to homebuyers across the GTA and Ontario, with no appraisal and no credit check you can receive your money in as little as 48 hours*.

* Subject to qualification.