Tag Archives: CMHC

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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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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UNDERSTANDING CONDITIONAL OFFERS

By Mark Weisleder While any number of conditions are possible, most real estate offers are conditional on two main terms: 1) The buyer obtaining the necessary financing to complete the purchase; and 2) The buyer being satisfied with the results … Continue reading

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RENTAL PROPERTIES – SOMETHING TO CONSIDER FOR ANY CLIENT

Lindsay Blair, Mortgage Specialist, Dominion Lending Centre Metro City Mortgages Securing Your Cash-flow for the Long term Owning investment properties has served to be a good investment of the last few decades. The increase in appreciation to the properties and … Continue reading

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ENERGY EFFICIENT HOMES

Source: CMHC Energy-Efficient Housing Made More Affordable with Mortgage Loan Insurance More than 17 percent of the energy consumed in Canada is used to run our homes. Buying an energy-efficient home or making energy-saving renovations can offer big savings. A … Continue reading

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HOME OWNERSHIP INCENTIVES

Source: CMHC Canada’s Economic Action Plan Offers Incentives for Homeownership Buying your first home is one of the largest investments of your life. Canada’s Economic Action Plan introduces the First-Time Home Buyers’ (FTHB) Tax Credit and the expansion of the … Continue reading

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