CMHC

CMHC Discontinuing Second Home Program and Self-Employed Without Income Validation

CMHC Discontinuing Second Home Program and Self-Employed Without Income Validation

CMHC has announced two changes that would  take effect on May 30, 2014 1. Cancel of the CMHC Second Home Program Starting June 1st, 2014, investors/buyers would need a…

A Mortgage that Helps with Renovations?

A Mortgage that Helps with Renovations?

The house that you like is nearly perfect, except that perhaps it needs a little TLC; new bathroom, kitchen or basement finished. But you only have 5% down payment and…

CMHC Increase Mortgage Insurance Premiums

CMHC Increase Mortgage Insurance Premiums

The cost of mortgage default insurance is about to go up for most consumers, effective May 1st, 2014  CMHC Purchase (owner occupied 1 – 4 unit) mortgage insurance premiums will increase…

What is CMHC, buying a second home, minimum down payment?

What is CMHC, buying a second home, minimum down payment?

What is CMHC? Canadian Mortgage and Housing Corporations Mortgage loan insurance is typically required by lenders when home buyers make a down payment of less than 20% of the purchase…

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