Posted on May 29, 2023
Are you or someone you know experiencing cash flow challenges? In today's inflationary economy with rising costs of essentials like groceries, gas, utilities, and mortgages, it can be difficult to meet financial obligations. But don't worry...
Posted on May 29, 2023
A high ratio/insured (i.e. CMHC) purchase consits of:Minimum 5% down paymentLess than 20% down paymentMaximum purchase price of $999,999Maximum 25 year amortizationPurchase price over $500k requires 5% of the first $500k and 10% balance above $500k ...
Posted on Apr 25, 2023
To qualify for a "High Ratio Insured" (i.e. CMHC) mortgage, the purchase price cannot exceed $999,999 in order to fit the insurers guidelines.A High Ratio Insured mortgage can be qualified with less than 20% down payment. The property is usually...