magneticcapitalgroup

At Magnetic Capital Group we make it easier for you to get there sooner. Invest with us and get more return, more security, no fees and great flexibility. 🇨🇦

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee Prepared. Right. Kind of like if you asked for a loan and we trusted you to pay back as agreed but put a charge on your house just in case.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee What does the little man say when it's time to evict?

[magneticcapitalgroup @Magnetic_MI]

@FortressRDI @OntarioHBA Congrats to @fortressRD and @AdiDevelopments for this nomination and for being leaders in the space!

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @BarabaraMuscare @CooperTrustee Speaking of which. Time for us to go and spend quality time with our families. Night!

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @BarabaraMuscare @CooperTrustee You can do better. You're a smart girl Rachelle. Kids are priceless.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @BarabaraMuscare @CooperTrustee We would advise against that. There are better options.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @BarabaraMuscare @CooperTrustee Check the fine print. The terms are probably in English.

[magneticcapitalgroup @Magnetic_MI]

@CooperTrustee Really valuable information. Thanks for this. Will share.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee We don't assume that at all. We have been clear that "the majority of debt in Canada is mortgage debt". We acknowledge there is other.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee Then can't you see how the 1.71 debt to income ratio is a skewed number that really isn't a good predictor of defaults? Think about it.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee You're missing the point. If a mortgage that small owned by someone with that much income produces a debt to income ratio of 2.20...

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee Financially responsible. We aren't sure We'd put that client of yours in that category.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee It's appears you aren't likely to understand our point here. It was just to say we agree with Paul Taylor that most Canadians are

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee So we aren't arguing with you that these are more challenging times. We just have a different perspective on the numbers and what they mean.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee Does that make sense?

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee You would agree that payment is manageable on $100 income, but that person's debt to income ratio would be higher than 2.00%.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee Mortgage of only $220k and you earned $100k per year, and your interest rate was 5.15%, your mortgage payment would be $1,193.89.

[magneticcapitalgroup @Magnetic_MI]

@LandlordRescue @CooperTrustee The majority of debt included in that ratio is mortgage debt, which makes the debt to income ratio a skewed number. If you had a tiny...

[magneticcapitalgroup @Magnetic_MI]

@CooperTrustee @LandlordRescue We're still searching for "The Elusive Question."

[magneticcapitalgroup @Magnetic_MI]

@CooperTrustee @LandlordRescue You say Canadians manage their mortgage payments well but their debts poorly. What's the blueprint for great debt management?