CMHC Hiking Insurance Premiums
Homebuyers with less than 20% down are going to pay more. CMHC is hiking mortgage insurance rates for the third time in three years. Premiums are jumping up to 0.65 percentage points on the highest LTV mortgages, effective March 17, 2017. Read More:
https://www.canadianmortgagetrends.com/canadian_mortgage_trends/2017/01/cmhc-hiking-insurance-premiums.html
Helen West, Mortgage Agent, will 'shop' around, negotiate for you, and present you with the lowest rate on the market. Volume discounts achieved are passed directly to you, so you get a better deal. Contact me for more information.
Mortgage refinancing allows you to use the home equity you've established in the form of home equity loans and lines of credit, available for home improvements, college tuition, major purchases, etc. Contact me today for more information.
Home Improvement Loans
How long can you get a home improvement loan for?
Home equity loan. With a home equity loan, you borrow a fixed amount and pay a fixed payment over a certain amount of time. A 15-year term is typical, but with some lenders you can go as short as five years and as long as 30 years.
Credit Repair
You may not think about it often, but your credit score can suddenly become the centre of your universe when you’re trying to secure a mortgage, vehicle loan or an apartment. Potential creditors want to believe that you’re fiscally responsible, and a poor credit score caused by past financial woes may lead them to think otherwise. Unfortunately a low credit score will not repair itself overnight. So if this is of concern to you, start following these dos and don'ts right away to boost your credit score.
