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.

Growing Demand For High End Homes

In the GTA, the sales of houses and condos over $1 million were up 56 per cent in the first half of this year over the same period last year. This means that Toronto has surpassed Canada’s big-ticket city, Vancouver, where houses and condo sales in that bracket were up only 48 per cent. This is mostly attributed to the immense increase in conventional detached, semi-detached houses and condominiums in the $1 million-plus price range. Caused by a combination of low interest rates, a demand that continues to outstrip supply, an escalating sense of urgency, a lower dollar, increasing foreign investment, and strong immigration, the demand for these luxury homes continues to grow in the GTA, year after year.

Furthermore, multiple bids are becoming increasingly more common on these higher end homes. Across the GTA, 47 per cent of $1 to $2 million homes sold over list price in the first half of 2015, up from 30 per cent in the same period of 2014. 35 per cent of $2 to $4 million homes and 18 per cent of $4 million-plus homes sold over list price, therefore doubling from the first half of 2014.

Are you selling your home and looking for quick access to your funds without having to wait until the closing day? Call Tembo Financial now! A unique non-traditional finance company located in Toronto, serving the GTA and Ontario! Receive your funds in as little as 48 hours with Tembo Financial – no appraisal or credit check.*

*Subject to qualification.

How Do Appraisers Come Up With The Value Of Your Home?

Home Appraisers use three recognized approaches to value. The first is Direct Comparison Approach, which compares the subject to similar properties that have sold. This also includes comparisons through the values of properties for sale, properties expired, and estimates a value based on the market. This is the simplest and most straight-forward approach for residential properties. Similar sales are then considered by the appraiser and then it is up to them to adjust for differences (i.e. finished basement vs. unfinished basement).

The next approach is the Cost Approach, this estimates the cost to replace or reproduce the property. From there the appraiser will apply the depreciation for physical and functional components.

The last of the recognizable approaches is the Income Approach, which estimates the potential income of the property while applying the appropriate functions, including capitalization rate and gross income multiplier.

Need help improving the value of your home prior to sale? Contact Tembo Financial today, a leading non-traditional private lender offering unique financial services to individuals that are in the process of selling or looking to sell their homes. Are you in need of cash right now? Tembo can help you get your funds in as little as 48 hours with no appraisal or credit check!*

*Subject to qualification.

What Are Private Mortgage Loans?

For quite some time traditional lending that is being practiced by banks and conventional lenders declined many individuals that could pay back loans but currently did not meet their strict requirements. Private lenders typically consider various factors when offering lending solutions, such as private mortgages, instead of only looking at a borrower’s credit history and income.

Private mortgages are often short-term loans that typically range from 1 to 5 years in length; they are only one of the many solutions offered by private lenders like Tembo Financial, a non- traditional lender based in Toronto, Canada.

Tembo Financial understands that every individuals situation is different and offers a few reasons for seeking a non-traditional private lender:

a) You do not want to wait for a long approval process

b) You immediately want to purchase additional property

c) You have a bad credit history

d) You are only interested in a short-term loan

e) You have income that cannot be confirmed and prevents you from obtaining a traditional loan

f) You need very fast financing

Regardless of your reason, private lenders like Tembo Financial seek to accommodate you and your unique situation. Contact a private lender today!

Increasing the Resale Value of Your Home

Are you interested in increasing your current home’s resale value prior to selling? If your preferred renovations are going to cost you thousands – check out Tembo Financial today! Offering a wide range of non-traditional lending solutions, Tembo can get you the money you need for your renovations right now.

Check out our list of simple improvements you can do to improve the resale value of your home today:

1. Revamp your bathrooms
2. Purchase new appliances
3. Update the kitchen
4. New paint/floors
5. Consider entrance & outdoor appearance

Let Tembo Financial help you raise the value of your current home prior to purchasing a new one! Have your funds in as little as 48 hours with no appraisal or credit check!*

* Subject to qualification.

Renovating or Repairing Your Home? Let Us Help.

Need to renovate, repair, or improve your home prior to selling and don’t have the funds? Tembo Financial is the non-traditional private lender your need to get an advance on your equity and fix your home today!

Tembo Financial’s unique solutions are perfect for individuals that are interested in improving their home to increase market value prior to selling, or simply can’t wait until the closing day on their current sale and need access to funds quickly.

Tembo’s easy 4 step process makes it simple and affordable for those renovating or repairing their current home to get their money now.

Do you need renovation money quickly or temporarily and have low income or limited cash available? Let Tembo Financial help breathe new life into your home and increase its resale value today!

Tembo Financial Featured On Real Estate Magazine

Last month we were proud to have been featured in Real Estate Magazine! The article discusses the key solutions offered by our firm and many benefits we can offer our clients. Did you know we can quickly approve you for an advance? And usually within 48 hours with absolutely no appraisal and no credit checks!

Tembo Financial focuses on helping clients that have recently sold their homes and now need to make additional purchases but don’t have the money to do it. We help our clients by advancing some of the proceeds from their sale on their current home to help secure a new home. And that’s not all! Tembo Financial can help you get the money to renovate your new home or make repairs on your current home!

We provide effective tools and solutions for everyone – agents, brokers, and sellers! Read the full article from Real Estate Magazine ( right here:

Click Here To View The Full Article

The Best Questions To Ask When Choosing Your Mortgage

Paying off your mortgage is often a difficult and time consuming process, and when it is time to sell most of your savings will be tied up in the equity of your existing property. Asking the right questions when choosing your mortgage can make a huge difference in the flexibility of your future. Tembo Financial helps by educating you on the entire process, whether you’ve already sold your home or you’re still selling and looking for additional funds to prepare the property for sale. It’s your money and you need to know that it is being managed and used effectively to achieve your goals and objectives. Tembo Financial asks you the right questions when tailoring a solution. This helps you gain a better understanding of the factors that can affect your approval – such as property taxes, maintenance fees, condo fees and the actual price. Furthermore changes in your situation, such as credit and employment status, will also have a large impact on your options. Tembo Financial can offer you the best recommendations, legitimize the pros and cons, and encourage your questions, participation, and the customization of your loan because after all, it is your equity and your money.