May 2024 - Genesis Group

Why Medical Professionals Need a Mortgage Broker Who Understands Their Needs

Leave a Comment / Medical Professionals / thegenesisgroup

Reading Time: 10 minutes Unique Financial Landscapes of Medical Professionals When embarking on the journey to homeownership, medical professionals face a set of unique financial circumstances that can complicate the mortgage process. From the substantial student loans required for their education to the often irregular income patterns during the early stages of their careers, these factors require careful navigation. […]

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The True Cost of Buying Your First Home: Mortgages and Beyond

Leave a Comment / First-time Homebuyers / thegenesisgroup

Reading Time: 11 minutes Setting Realistic Expectations: Overview Buying your first home is an exciting milestone, but it comes with complexities and costs that extend far beyond the listed price. For many first-time homebuyers, understanding these additional expenses is crucial to planning a successful purchase. From initial down payments and closing costs to ongoing maintenance and unexpected repairs, the

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Navigating Self-Employed Mortgage Applications With Irregular Income

Leave a Comment / Self-Employed Professionals / thegenesisgroup

Reading Time: 11 minutes The Self-Employed Challenge: For self-employed individuals, the path to homeownership can often feel like navigating a maze with hidden hurdles. In Canada, where self-employment is increasingly common, securing a mortgage presents unique challenges that differ significantly from those faced by traditionally employed applicants. The primary hurdle? Proving the stability and reliability of irregular income to

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High Net Worth Individuals: Leveraging Real Estate for Wealth Preservation

Leave a Comment / High Net Worth Individuals (HNWI) / thegenesisgroup

Reading Time: 11 minutes The Role of Real Estate in Wealth Management: Overview: For high net worth individuals (HNWIs), real estate stands out not just as a mere investment avenue but as a pivotal tool for wealth preservation and augmentation. In the ever-evolving landscape of investment options, real estate offers a tangible asset that can appreciate in value, generate

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Real Estate Investment Trusts (REITs) and Mortgage Considerations

Leave a Comment / Real Estate Investing / thegenesisgroup

Reading Time: 11 minutes The Intersection of REITs and Mortgage Planning: Real Estate Investment Trusts (REITs) represent a pivotal component of the Canadian real estate market, offering investors an accessible path to property investment without the need to directly buy or manage properties. These trusts pool capital from multiple investors to purchase real estate portfolios that may include a

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