Tag Archives: credit

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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SELF EMPLOYED? PREPARE FOR A LONG CONVERSATION WITH YOUR MORTGAGE BROKER

Source: Financial Post If you’re self-employed and about to apply for a mortgage, be prepared for some serious form-filling. Getting financing isn’t as easy as it used to be, say mortgage brokers — and for the 15% of Canadians who … Continue reading

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REPAIRING YOUR CREDIT SCORE

Sometimes the only thing standing between you and your dream home is a poor credit rating. This can happen for a variety of reasons, but the most important thing is to fix it so you can get on with your … Continue reading

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UNDERSTANDING YOUR CREDIT SCORE/REPORT

Many people have absolutely no idea what their credit score is or how it can affect them. Since I am not a banker myself, my blog this week is going to consist of a link to a booklet that the … Continue reading

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