Are you currently selling your property? Have you been shopping around to try and find a place to move to? If you are and require a deposit for a new purchase, where are you going to come up with the funds? Selling your home and arran …

When refinancing your current mortgage, it is important to know the type of lender you prefer to work with. Refinancing is a big step of a mortgage process, where you, as the client are able to either stay with a current lender, or fi …

Today, the Government of Ontario announced a comprehensive plan to re-open schools. The plan is based off of the detailed advice from leading medical and public health experts. All publicly-funded elementary schools will be reopening …

In this blog post, Tembo will inform readers that your property taxes should not have to go through the roof because of your municipality being cash strapped from COVID-19. That’s because the Government of Ontario and the Feder …

Is your equity tied up in your home? Tembo Financial is able to advance you the equity tied up in your property. Now more than ever, many people are looking for an equity advance on their property. The most efficient way to do so, is …

You may have heard the term Loan to Value (LTV)when applying for a mortgage, but do you really know what it means and how it can effect your loan? Loan to value is the amount of money that you owe on your property, divided by the amou …

A second mortgage is just like a regular first mortgage on your property, however it is in second position. That means, that after you pay out your first mortgage, the second mortgage gets paid out afterwards. This makes second mortga …

In a recent assessment of the economic and financial impacts of COVID-19, the Bank of Canada released its estimation that the national economy would decline by just under 8% in 2020, and then rebound in 2021, re-attaining the pre-COVI …

The news is very good. According to the Toronto Regional Real Estate Board, June saw a 12% increase in average selling prices compared to June, 2019. This is very good news considering our stock market was battered a few months ago, t …

Applying for a deposit loan in Ontario can be very simple! Tembo Financial is able to give you the funds you need for a deposit on a new purchase while your home is on the market or already sold.  Applying for a deposit loan requires …

If you are currently in a situation in which your mortgage lender is putting you through power of sale, read this blog to see the easy steps to take to stop your power of sale and sell on your own terms.  At Tembo Financial we are …

FOX Business U.S.A. recently released an interesting article discussing some of the latest COVID-19 inspired housing purchasing and renovation trends in the U.S. Tembo safely assumes that underlying consumption shifts in Canada will m …