An Introduction to the First Time Home Buyer Initiative

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...

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Let’s talk about different insurances and what they do?

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...

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Past Credit Issues stopping you from getting a mortgage?

Let’s talk about different credit issues and what they mean when applying for a mortgage.    Bankruptcy: If you have ever had a situation in life which all of us experience at one time or another bankruptcy may have been your only option. What does this mean when...

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Why You Still Need a Fort McMurray Mortgage Broker  

Websites allowing you to compare interest rates offered by lenders and get online quotes by your local bank haven’t eliminated the need for a Fort McMurray mortgage broker.  They Give You Options   Mortgage brokers know all of the options on the market. They can find...

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Holiday Tips for Fort McMurray Residents

The holidays seem to be stressful for everyone. Planning for end of the year celebrations and closing the books at work may add to an already hectic schedule. Here are a few holiday tips for Fort McMurray residents to make things a little less stressful.   Take time...

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11 Reasons to List During the Holiday Season

Historically, the fourth quarter is the slower part of the year for sellers. Consider buying your Fort McMurray home during the holidays for these eleven reasons.  You will not have as much competition due to the cold weather.   Low amount of buyers so better deals on...

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Tips for Getting the best Fort McMurray Mortgage Rate

Canadians look for deals, but many opt for the first mortgage they are offered. We know this because an international HSBC survey found that Canadians came in tenth in the number that bothered to shop for a better mortgage rate. Yet the size of a mortgage means that...

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Factors That Determine Your Eligibility for a Mortgage  

Sometimes it is you - or rather your credit - that determines your eligibility for a mortgage and the interest rate you’d be charged. However, a number of factors about the property itself determine whether or not you can get a mortgage for it and the rate you’d be...

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