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.

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!