Tag Archives: Mortgage

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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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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BREAK THE DEBT CYCLE FOR LIFE

Financial Seminar on how to “break the debt cycle for life”! ….. Who do you know, right now, that is frustrated with the financial treadmill and is looking for a way to get off? They may be concerned about the … 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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UNDERSTANDING HOW TERM AND AMORTIZATION WORKS CAN SAVE YOU THOUSANDS!

Source: Home Ownership Editor & OCNA Special to Money Management Newsletter If there is one thing that confuses the public it is the difference between the Mortgage Term and the Mortgage Amortization Rate. The Mortgage Term is that period of … Continue reading

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