first mortgage is the first mortgage loan registered in the title of a real estate property
The following may help you get a more realistic expectation on a rental mortgage program and how you can speed up the process and benefit sooner from the investment of that second home (not owner occupied) or third or even fourth home. Purchasing a second home is not the same as buying your first home,…
Home buying step-by-step. All you need to know to help you make smart home buying decisions from start to finish, prepared by Canada Mortgage and Housing Corporation (CMHC). Is Homeownership Right for You? Are You Financially Ready? Which Home is Right for You? The Buying Process Now That You’re a Homeowner May I help you…
B2B Bank’s Equity 50 program is great for individuals that have a hard time proving income in the traditional sources. Clients can access up to 50% of their home value on a first mortgage or refinance the current mortgage. This program has proven to be especially popular with those in pension, and other people whose…
Home purchase Assist program from First Swiss Mortgage Corporation First Swiss Mortgage will lend a second up to 95% LTV, that client can use to reduce the first mortgage amount below CMHC margin. Which means – no CMHC premiums, and less down-payment form client’s own sources Not everyone can afford 20% down-payment, especially at the…
35,000 home buyers plan Raising the amount allowed to be borrowed from your RRSP’s savings account from 25,000 to 35,000 to be used as a home down payment is a “Plan” that one of the candidates for the prime minister’s office is looking to champion So far this is only a “Plan”, but how interesting is that to you…
The following are some of the costs that a home buyer should consider when purchasing a property One of the reasons why some people are hesitant to purchase a new home may be because they don’t know of the extra expenses they’ll go into after the purchase of the property Knowledge is power, and you can learn…
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