Category Archives: homes

CMHC LOAN INSURANCE – HOW IT WORKS & HOW IT CAN BE IMPROVED

SOURCE: DAVID LAROCK In many ways, our government run CMHC mortgage loan insurance program works a bit like the typical Bank of Mom and Dad. When lenders find people who need mortgage loans and don’t have a down payment of at … Continue reading

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DO I NEED SPOUSAL CONSENT?

Source: Riopelle Group Professional Corporation The question of spousal consent must be asked for every residential real estate transaction, whether it be a purchase, sale, mortgage or transfer of title. We often field the question from clients, realtors and mortgage … Continue reading

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CMHC CHANGES ITS MORTGAGE INSURANCE PRODUCT OFFERING

Source: Canada Mortgage & Housing Corporation As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can … Continue reading

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HOW TO HELP PREVENT A LOWBALL OFFER ON YOUR PROPERTY

Selling a home can be an emotional process. The strain of constant showings and uncertainty about if or when offers will come in can put any homeowner under a certain amount of stress. The last thing you want is to … Continue reading

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