Tag: mortgage insurance
Happy Home Hunting Tips for CanadiansBy: Elias Kellendonk
Finding the right home for you comes down to three chief factors: affordability, lifestyle, and your future needs.
Mortgage insurance rule changes…how will they affect you?By: Tamar Leis
In October and November this year the Government of Canada made changes to mortgage insurance requirements. Mortgage insurance is provided by three companies in Canada. The biggest provider of mortgage insurance is CMHC a crown corporation. This insurance is paid for by the borrower and protects the lender in case of default. It reduces the …
Questioning 35-Year AmortizationBy: Elias Kellendonk
According to Canadian insurance providers, the average Canadian will pay their mortgage in less time than that provided by their amortization through the option of pre-payments.
CMHC Allows Commercial Financing up to 85 per centBy: Elias Kellendonk
With the Canada Mortgage and Housing Corporation’s multi-unit insurance coverage, a commercial investor can attain up to 85 per cent financing toward their commercial purchase.
Private Commercial Lenders Provide Alternate Route for Commercial FundingBy: Elias Kellendonk
Private commercial lenders, particularly in the commercial mortgage market, are increasingly becoming the go-to for hard-to-fund commercial projects.
Debate on the ‘No Money Down’ MortgageBy: Elias Kellendonk
The purchaser will be paying interest on every dollar of the home’s value, as opposed to nicking off a good chunk, interest free, with a down payment.
Commercial Mortgages Seeing Increased Funding Outside of BanksBy: Elias Kellendonk
Foreign lenders, outside of large banks and insurance companies, are upping the commercial financing available for non-prime commercial borrowers.
Online Mortgage Calculators: Homebuyers Make UseBy: Elias Kellendonk
The online mortgage calculator does all the math for you, and is a great asset in determining your true budget for home buying.
Private Mortgage Insurers Re-Surface in CanadaBy: The Super Broker
In recovery from the mid-2007 crisis faced by mortgage default insurance companies, private mortgage insurance has become popular once again.
Mortgage Insurance is Not Just for High Ratio LoansBy: The Super Broker
Mortgage insurance protects the lender in the event the mortgagor defaults on their mortgage payments.