Tag Archives: home insurance

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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MORTGAGE OR TERM INSURANCE – WHICH IS RIGHT FOR YOU?

Whether you’re buying a home for the first time, or refinancing an existing mortgage, someone has probably suggested you purchase mortgage life insurance. But don’t rush into buying a policy until you’ve looked at all the possibilities. You could end … Continue reading

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WHAT THE HECK IS TITLE INSURANCE?

Source: First Canadian Title While Canadians are quick to list a decent mortgage rate, home insurance and a yearly furnace inspection as key considerations in helping them sleep better when it comes to their home, many do not consider protecting … Continue reading

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