Real estate blog entries tagged with richmond mortgage by Sheila Atienza, Realtor/Author Richmond BC Real Estate, Vancouver (Multiple Realty

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Home : Blogs : Sheila Atienza, Realtor/Author Richmond BC Real Estate, Vancouver : Sheila Atienza Blog - Real Estate - Mortgage - Richmond and Metro Vancouver : Tag "richmond mortgage"

richmond mortgage: How CMHC helps Home Buyers in Canada - 04/20/07 11:31 AM

It is interesting to note that on March 30, 2007, Canada Mortgage and Housing Corporation (CMHC) has launched a program for people doing business for self (BSF), called"Self-Employed Simplified".
This means that borrowers with good credit history, minimum two years in same type of work and no income tax arrears, can now apply for up to 95% financing for purchase and up to 90% for refinancing.
While home buyers (permanent residents including citizens and immigrants as well as newcomers to Canada), who are employed can qualify for: Flex Down (90-95% financing and Flex 100 (95-100% financing)
For more useful information, please visit www.cmhc.ca
… (0 comments)

richmond mortgage: US, A Model to Canada Mortgage Industry - 01/21/07 11:22 AM

Richmond, British Columbia, Canada - This is the second part of the article I've written in my last post: "First Step to Owning a Home in BC, Get Pre-Approved!"
Dominion Lending Centres in Canada had released through DLC News, an interesting article on mortgage which tackles about how mortgage industry in the US and Canada are doing and what the US mortgage brokerage business success meant to the Canadian public.
The United States mortgage industry and public in general, can take pride in knowing that about eighty five percent (85%) of all mortgages are processed through a mortgage broker. This indicates that majority of the homeowners and buyers are educated enough about the … (0 comments)

richmond mortgage: First Step to Owning a Home in BC, Get Pre-Approved! - 01/21/07 09:33 AM

Richmond, British Columbia, Canada - The first-time home buyers are almost always enthusiastic and excited about the fact that perhaps by viewing different homes or hopping from one house to another, could be a good start to having an idea what sort of home they can invest or live in.
I don't have anything against this step. After all, there may be some people who could afford to put down a good and substantial initial outlay on the property they are buying. I guess, the idea here is, as long as you are doing financial self-assessment, you know where you are at and what your options are.
However, … (3 comments)

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