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Mortgage

CMHC Changes Its Mortgage Insurance Product Offering

Apr 28th, 2014 | By | Category: Buying a House, Insurance, Mortgage, News

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OTTAWA, April 25, 2014 – As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can still qualify for CMHC insured financing through CMHC homeowner products with a validation of their income […]



What you should know about a mortgage

Jul 8th, 2012 | By | Category: Mortgage

A mortgage loan is a loan secured by real property. The word mortgage is a Law French term meaning “death contract,” meaning that the pledge ends (dies) when the obligation is fulfilled, the property is sold, or the property is taken through foreclosure. A home buyer or builder can obtain financing (a loan) either to […]