Tag: mortgage insurance

Home hunting tips

Happy Home Hunting Tips for Canadians

By: Elias Kellendonk

Finding the right home for you comes down to three chief factors: affordability, lifestyle, and your future needs.

New mortgage insurance rules.

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 …

Amortization Period

Questioning 35-Year Amortization

By: 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.

Commercial New Purchase, CanEquity

CMHC Allows Commercial Financing up to 85 per cent

By: 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 Lenders, CanEquity

Private Commercial Lenders Provide Alternate Route for Commercial Funding

By: Elias Kellendonk

Private commercial lenders, particularly in the commercial mortgage market, are increasingly becoming the go-to for hard-to-fund commercial projects.

No Money Down Mortgage CanEquity

Debate on the ‘No Money Down’ Mortgage

By: 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, CanEquity

Commercial Mortgages Seeing Increased Funding Outside of Banks

By: Elias Kellendonk

Foreign lenders, outside of large banks and insurance companies, are upping the commercial financing available for non-prime commercial borrowers.

Genworth Financial Canada

Private Mortgage Insurers Re-Surface in Canada

By: The Super Broker

In recovery from the mid-2007 crisis faced by mortgage default insurance companies, private mortgage insurance has become popular once again.

High Ratio Loans

Mortgage Insurance is Not Just for High Ratio Loans

By: The Super Broker

Mortgage insurance protects the lender in the event the mortgagor defaults on their mortgage payments.

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