The Self Employed and Private Mortgages

25 November, 2011 / by marketing

When you're self-employed, a private mortgage can be your best friend. Private mortgages are loans that are financed through a private individual or organization that are not a bank or other lender. You may have seen advertisements for homes with the banner ad "Owner-Financed" splashed across it - ...

Is a Secured Line of Credit the Only Way to Complete Home Renos?

1 November, 2011 / by marketing

Part 2 – Differences in U.S. and Canadian Mortgage and Housing Markets

1 September, 2010 / by marketing

While the Canadian Mortgage and Housing Corporation helps regulate Canadian mortgage markets by insuring and securitizing high ratio mortgages, similar functions are carried out in the U.S. by a trio of government backed agencies - affectionately (or not so affectionately, perhaps) known as Ginnie M...

New CMHC Mortgage Insurance Regulations in Effect October 15, 2008

16 October, 2008 / by marketing

On Wednesday, October 15, 2008 the new mortgage rules introduced by the Conservative government in July took effect. The main points are: The government will only back mortgages with a maximum amortization of 35 years, not 40. To get a government-backed mortgage, you must have a minimum 5% ...