Not sure which mortgage is right for you? Use the My Mortgage Selector tool for advice on which mortgage meets your needs.
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The basic features to consider when selecting a mortgage include:
A conventional mortgage is a loan for no more than 80% of the appraised value or purchase price of the property, whichever is less. The remaining amount required for a purchase (20%) comes from your ...
Posted by Catherine McGill
on October 29, 2010
Closing costs are the legal and administrative fees and disbursements associated with buying your home. Understanding each one will help you budget more accurately and lead to a more comfortable home-buying experience.
CMHC or Genworth Financial Canada insurance
A conventional mortgage is a loan for no more than 80% of the appraised value or purchase price of the property, whichever is less. The ...
Posted by Catherine McGill
on October 29, 2010
For the second month in a row, the Canadian housing market has recorded an increasing number of sales in most areas around the country. "Conditions in the resale housing market have improved markedly this Spring," according to TREB President Maureen O'Neill. "Home purchases have increased as households have taken advantage of low interest rates and slightly lower home prices." While April sales ...
Posted by Catherine McGill
on May 29, 2009
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list. Where we've provided choices, fill out in the ...
Posted by Catherine McGill
on March 20, 2009