All about CMHC Update

Canada’s housing agency The Canada Mortgage and Housing Corporation (CMHC), has announced that it will tighten mortgage qualification rules for the high-risk borrowers. This is a controversial move that can curb credit in the economy that can emerge from its deepest contraction of the post-war era. The state-owned Mortgage & Housing Company, which was offering …

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Who exactly is a mortgage broker, and why should I use one?

Mortgage brokers help you understand all the necessary mortgage-related information. There are different mortgages, and all have several parameters and technical details that can be quite confusing for a non-specialist. A good mortgage broker will help to resolve all of this information and will also explain the different types of offers available on the market. …

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Mortgage loan

A mortgage loan or simply mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination. This means that a legal mechanism is put …

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