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downpayment: FREQUENTLY ASKED QUESTIONS - CANADIAN MORTGAGE SOLUTIONS - 01/10/09 02:04 AM
Why use a Mortgage Broker?
•·   Power of professional negotiating expertise.
•·   One stop convenience for access to numerous mortgage products.
•·   Unbiased knowledgeable advice.
•·   Access to unadvertised rates.
•·   Work for you, not the Bank.
What is the Homebuyers Plan?
•·   Home Buyers Plan is a federal government program that allows homebuyers to use $20,000.00 for each purchaser from his/her own RRSP.
•·   You must not have owned a principal residence within the last 5 years.
•·   You must intend to occupy the home as a principal residence.
•·   Minimum repayment is 15 equal annual installments. This … (0 comments)

downpayment: Equity & Vision mortgage programs suspended by another Lender. - 12/24/08 01:23 PM
Equity (low documentation) and vision (damaged credit) mortgages became more difficult to obtain in Canada this week as Concentra financial announced that it was "temporarily" suspending these programs in response to the current conditions of the economy and credit conditions in Canada.
These types of programs are very important to customers who don't fit the traditional "A" lending requirements of most banks and institutions.
Equity programs allow for reduced amount of required documentation in underwriting a mortgage. Over the past few years, lenders have been willing to allow for less documentation in situations where there is sizable amount of equity (security) in a property. … (0 comments)

downpayment: Don't have 5% Downpayment --There are still Options - 11/08/08 04:15 PM
Recent changes in federal regulations on mortgages have eliminated the popular zero-downpayment financing programs that were available through the major mortgage default insurers.This does not mean that you will be unable to purchase a home without a minimum of 5% downpayment saved.
All Source Mortgages uses several lenders who have options available even if you don't have 5% or more saved towards the purchase of a home. It is important that you get in touch with a mortgage professional in order to discuss all of your options.
Fast Facts about Downpayment programs offered by All Source Mortgages
Do I qualify for a mortgage with Less than … (0 comments)

 
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Shaun Serafini B.MGT

Lethbridge, AB

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Shaun Serafini - Mortgage Expert - All Source Mortgages

Office Phone: (403) 382-1564

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