What is Mortgage Loan Insurance? Mortgage Loan Insurance is just that - insurance from a trusted third party, which protects lenders against default on a mortgage loan by a homeowner. In Canada, Mortgage Loan Insurance is generally required whenever a homebuyer has less than 20% of the purchase price available as a down payment. Because the lender is protected, they are able to … (0 comments)
td canada trust mobile mortgage specialist: Your Credit Report
- 01/19/10 10:03 AM
A good credit report and credit score are important factors in determining whether or not you will be approved for a mortgage. Here are some simple steps you can take to maintain a good credit history and improve your chances of being approved.
What is a Credit Score Your credit score is a number that illustrates your financial health at a specific point in time. It also serves as an indicator of your financial past, and how consistently you pay off your bills and debts. This is one of the factors mortgage professionals consider in qualifying you for a mortgage. … (0 comments)
An Offer or Agreement Usually Includes: -your legal name, the name of the seller and the legal civic address of the home; -the price you are offering to buy the home at; -the items - other than the home - that will be included in the price (e.g.: window coverings, -appliances or a satellite dish); -the amount of the deposit; -the date you want to take possession of the home; -a request … (0 comments)
td canada trust mobile mortgage specialist: The Vancouver Area Heats Up!
- 07/13/09 01:26 PM
Good news for Vancouver area homeowners! Although inventory levels are still at high levels the recent sales activity is eating away at the excess inventory. From what I have seen and been hearing is that properties that fall under the PTT for first time homebuyers have been the hottest and are fuelling the marketplace, most noticeably in the downtown core. This starts a domino effect and allows the move up/move down segment the power to purchase things that were previously out of reach, coupled with the historically low interest rates that are being offered. Below is the article from the provinces … (0 comments)
td canada trust mobile mortgage specialist: How do you find the right home?
- 07/13/09 12:28 PM
Once you decide on the kind of home you want, how much you can afford to pay, and get your mortgage pre-approved, you are ready to start looking for a home. Where to StartThere are a variety of sources available to help you find the home that is right for you: Word of Mouth - By telling everyone you know that you are looking for a house, you might hear about homes that are just becoming available. Newspapers and Real Estate Magazines - Check the new homes section in newspapers or look for real estate magazines available at newsstands, convenience stores … (0 comments)
Enjoy! "The bumps in the road may be straight forward to those of us who work in this business on a daily basis, but if you are a business person looking at leasing for the first time, or the first time in 5 or ten years, careful planning and learning a few basics at the beginning can assist in setting your expectations and business plan in the right direction when it comes to accurate time frames and the leasing … (0 comments)
One of the key aspects of buying a home is saving for the down payment. Mortgage Loan Insurance from Canada Mortgage and Housing Corporation (CMHC) can help bring homeownership within reach, with as little as 5% down.
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