Tag: mortgage application
Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.
According to Fitch Ratings’ Canadian Residential Mortgage Loan Loss Model, there are six primary factors that influence mortgage defaults.
While it’s easier than ever for Canadian homebuyers to lock in low mortgage rates, it’s important for individuals to understand how their credit will influence the process.
After making the responsible decision that it’s time to buy a place of your own and taking the mortgage application plunge, a loan denial can feel like a kick in the gut. Ouch.
Before running off to see the mortgage broker, Canadians entering the housing market for the first time should ask themselves whether they can afford a new home.
Taking a Look at the No Frills Mortgage If you knew there was virtually no chance of your amassing a pre-payment, moving, or needing to refinance for the next five years, would you give up all of your mortgage options for the lowest rate possible? That is what the No Frills Mortgage offers to home …
According to a recent article in the National Post, single homebuyers are need in of some help, as home prices have become higher and the rules for obtaining home loans stricter.
Rising Trend – First-Time Homebuyers Purchasing Based on Price over Amenities and shirking the Fundamentals Results of the 2011 TD Canada Trust First Time Homebuyers Report showed that nearly half of first-time homebuyers will purchase their property alone. These figures, issued Wednesday, indicated that 57 per cent of men and 33 per cent of women …