Tag Archives: mortgage payments

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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WHAT ARE PRE-PAYMENT PRIVILEDGES?

Source: Lindsay Blair,  Mortgage Agent, Oriana Financial Pre payment privileges allow you to pay more per month or year towards your mortgage without any penalties, and that sum goes directly towards your principal and not into interest. This is a … 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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EXPLAINING MORTGAGE OPTIONS

Bi-weekly and weekly mortgage payments Almost all mortgage companies and banks will have the option to allow you to make payments weekly or bi-weekly. There are two very good reasons why you should consider this.. Firstly you will pay off … Continue reading

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