High Ratio Mortgages and Default Mortgage Insurance

By: Steve Chung

High Ratio Mortgages and Default Mortgage Insurance

Tags: High Ratio & Conventional Mortgage

High Ratio Mortgages and Default Mortgage Insurance Buying your first home is a big step, one that requires a lot of planning and preparation. It’s important that you understand all the requirements and legal implications associated with buying a house before you sign your mortgage agreement.   Before choosing your first home it’s a good idea to understand your financial situat...Read More

By: Steve Chung

What is CMHC Insurance

Tags: CMHC

How to Avoid CMHC Fees Buying a home is a huge financial investment that comes with a plethora of expenses. Your mortgage will likely be one of the largest monthly payments you’ll need to cover. But your mortgage can be even more expensive because of a little thing called mortgage default insurance. Want to learn more about bi-weekly vs. monthly mortgage payments? Click here. This extra p...Read More

By: Steve Chung

Mortgages for New Canadian Immigrants

Tags: Mortgages, New ImMigrants

You might be surprised to learn that in many cases your recent arrival will not penalize you, and that you can borrow at very competitive market rates. In this post I’ll cover the general guidelines and then summarize the financing options for people in three different situations: Landed immigrants who are already employed in Canada Non-landed immigrants who are already employed in Canada ...Read More

Calgary July Housing Statistics

By: Steve Chung

Calgary July Housing Statistics

Tags: Calgary Real Estate Market, Calgary Stats, How's the Market, Buyer's Market

  Media release: Oversupply is slowing, but a buyers’ market remains City of Calgary, July 2, 2019 – New listings coming onto the market continued to decline in June, which is helping to reduce the oversupply of homes in Calgary. Year-over-year, new listings saw a decrease of nearly 19 per cent. Sales activity slowed this month compared to last year by six per cent, but...Read More

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