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Down payment changes in Canadian mortgage industry

Down payment changes in Canadian mortgage industry

Dec 23, 2015 | Mortgages

The federal government recently announced additional changes to the down payment required when financing the purchase of a home. Starting in February 2016, CMHC will require a 10% down payment on the portion of the sales price of any home over $500,000. The 5% down...
Can you afford to buy? Try our 4 mortgage calculators

Can you afford to buy? Try our 4 mortgage calculators

Nov 11, 2015 | Mortgages

Like it or not, when you buy a home or refinance a mortgage, there’s a certain amount of math involved. These 4 handy calculators will guide you through decisions such as whether to rent or buy, determining mortgage payments, and more. Mortgage calculator To find out...
When buying the right home, get the right lender

When buying the right home, get the right lender

Oct 14, 2015 | Mortgages

If you haven’t already gone through the mortgage pre-qualification process, find a good lender to assist you during the purchasing process and for the length of your mortgage. A good lender will answer your questions, work closely with you, and will find you the best...