Below you'll find a list of all posts that have been tagged as “residential mortgage”
The Government of Canada placed into effect a very important mandate called Guideline B20. It requires financial institutions and mortgage brokers to provide sound residential mortgage underwriting practices. This was done to reduce the risk of financial loss for lenders. Securing and protect lenders’ finances ultimately reduces the risk and …
The down payment required from borrowers by lenders, investors and banks is a major hurdle to buying a rental property Before lenders can approve your investment property mortgage application, they expect you to be able to pay part of the home’s purchase price upfront. This upfront payment is called the …
The mortgage world is complicated. Fortunately, that’s why I’m here. Before we start working together, get familiar with the language. Here is a full list of terms and their definitions mortgage brokers use. Looking forward to speaking the same language. Mortgage Terms Amortization Period The Amortization period represents the period …
