The Canadian Mortgage and Housing Corporation (CMHC) has announced 3 major changes to the way that mortgage applications for insured & insurable files will be assessed. If you are planning to buy a home with less than 20% of the purchase price as a down payment, these qualifying rules will affect you.
Oct 02 2019
Mortgage Solutions That Help You Stay On Track
When we first met Eleanor and Jason, they were a young couple buying their first condo together. Fast-forward 5 years to their mortgage renewal date, and a lot had changed in their world. Eleanor had started a new job several months prior to the renewal, and the couple had just gotten married. They were carrying a bit of debt from the wedding, and also wanted to save for the future so they could move into a single-family home.
Jun 04 2019
Mark and Sarah were a fairly typical couple when we met them 5 years ago. He worked in the trades, while she was in customer service, both with full time hours and a steady household income. They were moving from a condo to a family home, and everything went smoothly through their mortgage process.
Mar 10 2015
While Canadians may be wary of the outlook for the economy, it’s done little to dampen their debt.