Tembo has never seen the big banks offer mortgage rates this low. Ever. Well before the COVID-19 crisis, mortgage debt was at absolute rock bottom historic lows, now we are seeing those rates dip even further down. A quick glance at r …

The federal housing agency released a special edition Housing Market Outlook report on Jun 23rd. The report is real, honest, and raw, it ignores the stability we still see in the market and makes a tough but not at all improbable seri …

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 f …

A story in the Toronto Sun caught Tembo’s eye. The topic? The resilience of Toronto real estate against historically unprecedented odds. Brynn Lackie, a Toronto Sun reporter, titled their piece in a June 14th op-ed: “Pande …

Much like we defined a second mortgage in a previous blog post , a third mortgage is one that comes after the first and second charge on a home. Generally, third mortgages are rare, but they are not impossible to get. Tembo Financial …

A mortgage is a large transaction that and a commitment that you must make.  It is important to choose a lender that is right for you!  Here are some tips in choosing the right lender for your lifestyle:  Choose someone you trust:a …

After many months the Ontario government has finally announced that it is getting people back to work and opening more recreational activities  by moving forward with a regional approach to Stage 2 of reopening the province.  In cl …

Today, the Ontario government is taking additional immediate action at high-risk long-term care homes, following the disturbing allegations outlined by the Canadian Armed Forces (CAF). The Ministry of Long-Term Care has deployed long- …

As the Ontario government carefully and gradually reopens the province, those taking public transit, returning to work or going out shopping are being urged to continue to adhere to public health advice as the best line of defence aga …

With the current situation and many people not wanting to have open houses, it is becoming more important to boost your curb side appeal. Here are some easy tips from Tembo to help you sell your home! 1. Make sure your grass looks fre …

In a past blog post we touched on the topic of Loan to Value. Loan to value is the amount of money that you owe on your property, divided by the amount that your home is worth. There are many ways to determine the value of a property. …

Tembo would like to share some quotes from key stakeholders in the financial, real estate, and banking sector on the medium term to longer term impacts of COVID-19 on the real estate and rental markets. These quotes were pulled from a …