Tag Archives: downpayment

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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MAKING AN OFFER

An excerpt from the updated MoneySense Guide to Investing in Real Estate: When John Wilson made an offer on Cathy Smith’s house, he quickly learned an important lesson. Cathy accepted his offer, and John cut her a $30,000 cheque as … Continue reading

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ARE YOU FINANCIALLY READY TO BUY?

We all want to know that when we have decided that we want to buy a home, that we are ready. There are some things you can do in advance to ensure you are prepared financially. Source: CREA Assess your … Continue reading

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FINANCING A SECOND HOME

Source: Lindsay Blair, Mortgage Agent There have been a lot of inquiries about second homes and the guidelines for lending over the past few weeks, so I though I would answer that “what’s” of second home properties today! What is … Continue reading

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NEED HELP WITH A DOWNPAYMENT?

Are you a first time home buyer who is having a bit of trouble saving your downpayment? If you are then this article is for you. Written by mortagage agent, Lindsay Blair, it give hope to those of you who … Continue reading

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