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.

Choosing The Right Loan

Home loans, for most, will likely take time to pay off; finding the right loan to help you live a healthy, flexible, and balanced lifestyle throughout your mortgage is very important. As a homeowner, your life will change drastically from the time you buy your house, to the time you pay it off, to the day you sell it. Whether this period is five years or twenty-five years, non-traditional finance companies offer unique lending services and solutions to provide you with the cash you need, when you need it. The availability of diverse and non-traditional loans has rapidly grown in recent years and it is often difficult for individuals to find the right financing for their situation. At Tembo Financial, we help to maximize flexibility and help to improve your standard of living. For example, should you place more emphasis on flexibility with your financing, we can look for a loan that offers that flexibility. Ultimately, this could help your family with new renovations, planning an extended vacation, or even any unexpected expenses that may arise. Unlike financing through banks and other institutions that offer similar loans to each client, non-traditional lenders offer unique financing options and solutions customized to each clients needs. Tembo Financial takes the time to consider the right loan for you, while educating you and offering additional options such as interest only, open loans, short-term, bridge financing, and lump sum payments. Tembo Financial can find the right loan for you. Contact Tembo Financial today to get on track and start planning for your move.

Why You Should Switch To Non-Traditional Private Lending

There are many reasons why one may seek financing from private lenders and Tembo Financial
seeks to help you understand why! A poor credit rating and low income are the main reasons individuals seek help –
Tembo Financial offers insight into your situation instead of rejecting you like major banks and
mortgage brokers. Another major reason someone may seek financing from a private lender is
urgency. At Tembo Financial, it only takes a couple of days for you to be processed and approve –
in most cases only 48 hours with no appraisal and no credit check (subject to approval)!
Individuals that are self- employed also benefit from private lending. With a rising number of
mortgage defaults, foreclosures, more rigid mortgage rules and tough requirements by banks –
individuals continue to turn to private lenders as their alternative form of financing. Tembo
Financial offers unique and customized alternatives to traditional methods of obtaining financing.
If you apply for a private loan at Tembo Financial you will benefit from fast closing schedule and
quick receipt of your funds!

The Benefits of a Non-Traditional Private Lender

It may be surprising to know that a private lender can be a great benefit to you! Unlike the bank or your typical mortgage broker, Tembo Financial seeks to provide clients with additional benefits in private lending. As a leading non-traditional lender in Toronto, Tembo Financial provides more than just a loan. Tembo Financial offers personalized advice for each client by lending insight into the various options available based on your situation. Tembo Financial takes time to listen to your situation and understand your goals to provide a custom tailored solution to get you the money you need today. Private lenders also offer a greater degree of security than banks and mortgage brokers. This is an attractive benefit for anyone looking for a quick cash injection to secure an unforeseen opportunity.Finally, private mortgages offer you much more flexibility than other institutional ones.With various payment options and simple costs tructures, private lenders can also help you with debt consolidation which is getting your family back to receiving additional monthly cash flows. Offering unique lending services and customized solutions in private lending – visit Tembo Financial today.
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Tembo Financial Is The Private Lending Firm For You

Tembo Financial works to help you get ahead! Have you sold your home? Could you use an advance on your equity or proceeds of sale before closing day? Tembo Financial can have your funds to you in as little as 48 hours with no appraisal and no credit check! Instead of waiting for the future closing date of your home to receive your money, you can receive it now! As soon as you receive and sign off on a firm purchase and sale agreement you can APPLY for an advance with Tembo Financial. Get the money you’re entitled now for the expenses you need. You can receive your funds in 5 easy steps and in as little as 48 hours with Tembo Financial.