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Béchara El-Murr
Mortgage Broker
Work
(514) 585-8879Cell
(514) 585-8879Regions served: Gatineau-Outaouais, Laurentides, Montréal
Languages: French, English, Arabic
Specialties: Residential Mortgages, New Canadian, Rental Property / Investment
About Me
Don’t limit your financing options to a single financial institution when I can offer you access to more than 27 banks in Canada.
I negotiate for you, free of charge, the best interest rate and I support you throughout the mortgage process, up to the notarial deed, and well beyond.
I aim to assist you in accomplishing your project with the best mortgage rate. To do this, I put more than 20 years of customer service excellence and business management expertise at your service.
Here are some of the services I can offer you:
• Purchase - carry out your project of purchasing a new property or a second home.
• Renewal - transfer your mortgage for free to another financial institution with better conditions.
• Home Equity Line Of Credit - consolidate your debts and increase your access to liquidity.
• Self-employed workers - achieve your business or personal projects.
• Separation - refinance up to 95% of the available value of your property.
• Rental and multi-residential - increase your rental real estate stock.
• Newcomers - become a homeowner with adapted financing solutions.
• Second chance mortgage service.
I can meet with you at my office or your home, by telephone or videoconference.
For a fast and courteous service or for an appointment, you may call me at 514-585-889.
4 reasons why it's smart to use Multi-Prêts
Check it outRental
Are you considering buying a multiplex property in the near future to enter the rental market? While this type of investment is a great way to diversify your income and put money aside, it is important to be well prepared. Buying income-producing real estate is more than an investment, it also means starting a business. But where should you begin? Before you get started, it is important to quantify and analyze the financial implications to ensure that your project is viable and profitable. The return on investment is calculated by subtracting the operating expenses from your income. This amount is then divided by the down payment on the building. The percentage obtained represents the annual return, which should ideally be higher than the mortgage rate.
Another aspect to consider is your ability to manage risk. Rental real estate does not guarantee constant profits, so it is important to assess your tolerance for risk and financial uncertainty.
The financial aspect is not the only aspect to consider. When entering the rental real estate market, you have to manage tenants and take care of the building maintenance. It is therefore important to be familiar with tenants’ rights in Québec and to have an interest for manual work. This will greatly help!
The down payment required for your project will depend on the number of units in your plex and whether you want to live in the building. Usually, you need a down payment equal to 20% of the property value. However, if you intend to live in one of the two apartments of a duplex, the required down payment is 5% and that will increase to 10% in the case of properties with 3 or 4 units.
Multi-Prêts Mortgages brokers are there to help you make the right decisions. They can give you advise and guide you through the investment process. Contact us today to start making your project a reality.
Today's Multi-Prêts Mortgages mortgage rates
As of November 21, 2024
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*Some conditions apply. Subject to change without prior notice. Rates may vary according to the amount borrowed, your credit rating, guarantees offered and other factor. Please refer to your Multi-Prêts broker for more information.
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