Danny Bell
Mortgage Broker - M13001996
danny.bell@premieremortgage.ca
Tel: 888-561-2525 | Cell: 289-200-9061
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 ...
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...
When it comes to qualifying for a mortgage, some people might think their regular salary is the only income that matters. However, other sources of income can be considered, such as overtime, commission, and bonus income. These additional sources of...
Minimum 5% down payment is required on the purchase of a home. This applies if you're a first time home buyer OR even buying your 10th home to downsize for retirement. Purchases over $500k require 10% of the amount above $500k.Example: $600k...
Want to know how you can use your home equity? You're able to access up to 80% of the current value of the home through mortgage financing. This can be combined with a mortgage and secured/home line of credit (HELOC). For example:$1,000,000...
For the first time in a year, the Bank of Canada has left its overnight target rate unchanged, keeping it at 4.50%.This is the Bank’s first rate hold of this rate-hike cycle, which began in March 2022. The move was expected by markets. The Bank...
Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Learn MoreThrough training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.
Learn MoreWe understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.
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