The Canada Mortgage and Housing Corporation (CMHC) continues to offer incentives that expand access to affordable housing in Canada. Its flagship program, the MLI Select
As of October 11, 2024, the Canadian mortgage industry has entered a new era of regulatory oversight. The Financial Transactions and Reports Analysis Centre of
Understanding Debt-to-Income Ratio for a Mortgage in Canada When applying for a mortgage in Canada, one of the critical factors lenders assess is your debt-to-income
B20 makes it hard to get approved You may have heard your mortgage professional use the term “b-20” during your mortgage application. Typically, it is
Job change impacts your mortgage approval Changing your job doesn’t always cause havoc Changing jobs while buying a house doesn’t always derail your loan application.
The stress test is applied to all mortgages. Stressing a mortgage rate happens when you are quoted an interest rate. Every Broker/Agent must apply a
A vendor take back is the process where a seller of a home takes back a portion of the equity as a mortgage loan. V.T.B.s
All mortgage commitments have a funding date. The funding date signifies when the funds for your mortgage will be released. If a date cannot be
In the world of mortgage lending, a mortgage commitment and intent to lend are two very different terms. Understanding this difference is crucial for anyone
Have you ever wondered what a Lender looks at when it comes to giving you a mortgage? And yes, there are specific qualifications and standards.
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Windsor Office: 1821 Provincial Road, Unit 201, Windsor, N8W 5V7
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