Expert Question posted by Cory Kline, AMP
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Each purchaser may borrow up to $25,000 from their RRSP under the Home Buyers’ Plan. (The funds must have been in the RRSP for at least 90 days prior to withdrawal to be eligible under the program)
Provided you buy or build a qualifying home and meet all of... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (5716)
Mortgage Broker's are compensated from the lender, (not you, the borrower). Mortgage Brokers are only paid when they have successfully completed helping their clients. They are therefore motivated to help you. When creative, specialized, or... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (5529)
Mortgage insurance helps protect lenders and mortgage investors from severe financial losses in case a loan is not repaid for any reason. This insurance benefits lenders and investors, but it helps homebuyers, too. Because lenders are protected by mortgage... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (5160)
Reason #1
Your long-term plan and risk tolerance should determine which mortgage product is right for you. This product may or may not have the lowest rate.
For instance, there are cases where lenders will offer lower rates for insured mortgages. With insured... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (5303)
Many lenders have identified that people who are self employed have troubles trying to verify how much money they actually earn. With as little as 1 year of self employment, some lenders have special programs that allow you to purchase a home with limited... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (5419)
A 35 year mortgage can help you manage your payments, and get you into a home that suits your needs. However it is a very important that you ensure your mortgage comes with flexible pre payment options that will allow you to pay off the mortgage quickly without... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (5143)
Most clients speak to their bank about getting a pre approval, but it has become good practice to get a second opinion from a Mortgage Broker, who is an accredited mortgage professional. The reason is simple, at no fee to you, a Mortgage Broker can give you... [ read more ]
Blog posted by Cory Kline, AMP
Views (8535)
The Bank of Canada today announced that it is not changing their trend setting rate.
They expect their rate to stay put until the 2nd quarter of 2010-based on inflation remaining in the ranges they predict . Read the announcement below.
2009
FOR IMMEDIATE... [ read more ]
Expert Question posted by Cory Kline, AMP
Views (4936)
Although under the current bank act, you are required to make a minimum down payment of 5% in Canada, their are ways to come up with the down payment. First some lenders will actually give you the 5% down payment, provided that you commit to taking the mortgage out... [ read more ]
Blog posted by Cory Kline, AMP
Views (7980)
I just returned from Holiday's and I am excited to find the Government Down Payment Assistance Program has returned.....
In Simcoe county you can receive up to $24,786 towards your down payment if....
Purchase is LESS then $247,862
Purchase is a NEW home, not... [ read more ]