by Jodi | Mar 23, 2019 | Mortgage, Mortgage Blog, Mortgage Broker, Mortgage Rates, Mortgage Tips, News, Uncategorized
The 2019 budget includes a novel proposal – the shared equity mortgage. The shared equity mortgage or SEM would be backed by the CMHC as part of the First Time Home Buyer Initiative. This isn’t a brand new concept, since it has been tried in the U.S., Australia and...
by Jodi | Mar 15, 2019 | Mortgage, Mortgage Blog, Mortgage Broker, Mortgage Rates, Mortgage Tips, News, Uncategorized
Mortgage Default insurance is mandatory with less than 20% down payment. You are required to pay for mortgage default insurance if you have less than 20% down payment, this protects the banks if you were to foreclose on the property. In Canada we have 3 insurers CMHC...
Recent Comments