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Mortgage Articles

Mortgage tips on how to get approved for a mortgage. Learn how to get approved for a refinance mortgage, debt consolidation mortgage, home equity loan, home equity line of credit, second mortgage, private mortgage, stop power of sale & more.

New Cmhc Rules For Self Employed Borrowers 2018

New CMHC Self Employed Program Makes It Easier For Self Employed Borrowers 2018

Earlier this month CMHC (Canadian Mortgage and Housing Corporation), the federal government mortgage insurance agency announced that they will make it easier for self-employed home buyers to get a mortgage. There are new changes coming to the CMHC self-employed program, making it easier for self-employed borrowers to purchase a home with an attractive mortgage from …

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New Mortgage Rules 2018 Stress Test

New Mortgage Rules 2018 Stress Test

[vc_row][vc_column][vc_custom_heading text=”New Mortgage Rules 2018 Stress Test Review” font_container=”tag:h1|text_align:left” use_theme_fonts=”yes”][space height=”25″][vc_column_text]In October 2018, the Canadian Federal Finance Minister announced the introduction of the new mortgage rules 2018 (effective start date of January 1st 2018) implementing a stress test for home owners and home buyers qualifying for a mortgage with 20% down payment or greater. Whether …

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Fixed Rate Mortgage Or Variable Rate Mortgage

Fixed Rate Mortgage or Variable Rate Mortgage

[vc_row][vc_column][vc_empty_space height=”20px”][vc_custom_heading text=”Fixed Rate Mortgage or Variable Rate Mortgage?” font_container=”tag:h1|text_align:left” use_theme_fonts=”yes”][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”20px”][vc_column_text]A common question that comes up amongst home owners and home buyers, when deciding on the type of mortgage they should take, is whether to get a fixed rate mortgage or a variable rate mortgage. Below is a summary of the pros and cons …

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Self Employed Mortgage

Self Employed Mortgages: How To Get Approved

[vc_row][vc_column][vc_column_text]Over the years it’s been quite difficult for self employed home owners or self employed home buyers to get approved for a mortgage. The days of the “stated income program”, where a business owner can simply sign a stated income declaration form and write that he or she earns a certain amount of income annually, …

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