Category: Financing

Financing | August 19th, 2020

CMHC Insurance Premium

CMHC (Canadian Mortgage and Housing Corporation) insurance premium allows first time and experienced home buyers an opportunity to qualify for their dream home. It allows you to get a loan of up to 95% of the total purchase price of your home while protecting lenders in the event you aren’t able to make your payments. Without […]

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Financing | June 16th, 2020

New CMHC Rules To Effect Mortgage Applications

The Canadian Mortgage and Housing Corporation (CMHC) has recently announced changes to its coverage criteria for insured mortgages. Mortgage default insurance (CMHC insurance) is mandatory in Canada for down payments between 5% and 19.99%. Mortgage default insurance protects the lender in the event that the borrower can’t make or stop making their payments. The changes […]

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Financing | June 9th, 2020

Things we wish we knew when we bought our first house

Buying your first home should be an exciting experience. But, for many first-time home owners, it can be confusing, frustrating, unfamiliar and leave you feeling unprepared. There are a number of things to know before taking the leap into home ownership. From first time buyer tax credits, learning how to save for your mortgage or […]

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Financing | October 3rd, 2018

You Can’t Live In Your Car!

When qualifying for a mortgage, your income and debts that you have determine what purchase price you are able to buy at. I hear quite often from clients that they have worked hard to build and maintain great credit, saved a down payment and are ready to make the leap into home ownership.  However, after I […]

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Financing | April 13th, 2012

The Home Buyers’ Plan for First Time Buyers

The Home Buyers’ Plan for Canadians allows first time home buyers to withdraw funds from their Registered Retirement Savings Plan (RRSP) in order to buy or build a home. Up to $25,000 can be withdrawn for your primary residence or for a related person with a disability. Your contributions must have been in your RRSP […]

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Financing | February 16th, 2012

Money Matters

It is a common misconception that modular homes are harder to finance than site built. Whether you’re buying your first home or using your hard earned equity to move into your next one, there are several mortgage and financing products available for the modern home buyer. While each person’s situation is unique, most banks, appraisers […]

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