Recently CMHC and the federal government opted to make an increase in the amount of down payment that Canadians will require to purchase a home. The increase is in steps beginning at 500000 dollars, they left the starter market alone but increased how much the move up market will need for down payment in most […]
So what do the New Down Payment Changes Mean to you? Read More »
Mortgages are available for people with bad credit, its most likely not with your conventional bank. The big banks are limited by the guidelines given them by the Office of the Superintendent of Financial Institutions or OSFI, they are also governed by their shareholders who don’t like to see bad credit as part of a
How To Get A Mortgage With Bad Credit Read More »
That’s a good question, I feel that most days my job is extremely multi-faceted, I’m not just helping you get a mortgage. Here’s some of the multiple roles I play. First and foremost as a mortgage broker I work for you the consumer, Secondly it is my responsibility to see that we are getting you
Your Check list for Mortgage Down Payment Verification Read More »
Applying for second mortgage can be easier than you think, second mortgage lenders are looking for several things when it comes to lending you a second mortgage. First and foremost an appraisal needs to be completed on the property, this will give them the value that they need to work with to determine how much
Second Mortgages — What is it and How it works? Read More »
When shopping for a mortgage it is sometimes wise to use a mortgage calculator to start the process of seeing how much mortgage you can afford. The mortgage calculators in Edmonton can also give you some idea of what your monthly payments will look like although they are only estimates as they usually do not
How To Use Mortgage Calculators to Determine Your Mortgage Payments Read More »