Tag Archives: mortgages

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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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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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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