In this episode, Len Lane sits down with Teresa Ferbey, Sagen Account Manager, to discuss a range of mortgage solutions available through Sagen. They delve into the critical role of Mortgage Default Insurance, making homeownership accessible even with less than 20% down payment. Teresa shares insights on popular programs like the First-Time Home Buyer Incentive, New to Canada Program, and Business for Self options, highlighting their benefits and eligibility criteria.

Key topics include the Purchase Plus Improvements Program, which allows buyers to roll renovation costs into their mortgage, and the Homeowner Assistance Program (HOAP), designed to support homeowners facing financial hardship. Teresa also explains the portability of Sagen insurance and upcoming changes like the introduction of 30-year amortizations for new homes.

About Teresa Ferbey

Teresa Ferbey is a seasoned Sagen Account Manager with extensive experience in the mortgage insurance industry. With a background at Genworth and a passion for helping homeowners, Teresa brings valuable insights into making homeownership more accessible and manageable. Her expertise spans various programs designed to assist first-time buyers, new Canadians, and self-employed individuals.

Resources discussed in this episode:

• Business for Self (Alt. A)
• Energy Efficient Housing Program
• First-Time Home Buyer Incentive
• HOAP (Homeowner Assistance Program)
• New to Canada Program
• Purchase Plus Improvements Program
• Vacation/Secondary Homes

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Contact Len Lane | Brokers for Life: 

• BrokersForLife.ca
• Linkedin: Len Lane
• LinkedIn: Brokers for Life
• Facebook: Brokers for Life
• X: @Brokers4Life
  

Contact Teresa Ferbey: 

• Website: http://www.sagen.ca
• Linkedin: Teresa Ferbey
• Email: [email protected]