Loans & Mortgages

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  • Buying Your First Home

    There’s no denying the excitement and anticipation of searching for a home you can call your own. But your financial readiness will go a long way toward determining your home-buying experience. PDF 216 KB

  • Important Changes to CMHC mortgages effective May 30, 2014

    Second Home/Vacation Property – CMHC will be limiting homeowner mortgage loan insurance to only one property (1-4 units) per borrower/co-borrower at any given time. Self-Employed Without 3rd Party Income Validation - Self-employed Canadians can still qualify for CMHC insured financing through CMHC homeowner products with a validation of their income using traditional methods. PDF 46 KB

  • Common Mortgage Terms 101

    These days, researching mortgage information is a good news, bad news scenario. PDF 226 KB

  • Making Sense of Mortgage Madness

    Buying a house is the biggest purchase most people will make in a lifetime, and navigating through all the regulations and financing options can be very difficult. This article discusses government rules and incentives, explains open vs. closed mortgages, and offers general tips on mortgages. PDF 209 KB

  • Renting vs. Owning Your Home

    When it comes to housing, renters tend to be as undecided as Hamlet: to buy or not to buy, that is the question. And there are no simple answers. It all depends on where you live, how you live, the current state of the housing market, and how disciplined you are as an investor. This article provides valuable tips that will help your members make the decision to rent or buy. PDF 183 KB

  • Saving for a Down Payment

    With escalating prices for real estate as well as consumer goods, saving up for a down payment on your first home can be tough. But if you’re thinking about leaping into the housing market without a minimal down payment, think again. This article offers a detailed explanation of the perils of low down payments. PDF 198 KB

  • The Bank of Canada and Interest Rates

    Established in 1934, the Bank of Canada is our nation’s central bank. Led by a Governor who is elected by its Board of Directors, the Bank focuses on four key areas. PDF 212 KB

  • The Power of Bi-Weekly Mortgage Payments

    Paying off a mortgage is a daunting task for most Canadians. This article explains how bi-weekly payments work and how they can help borrowers save thousands of dollars in interest. It's all in the math! PDF 183 KB

  • Rent to Own

    Today’s low interest rates have encouraged many renters to become homeowners: the lower the mortgage rates, the lower the monthly payments. So what’s standing in your way? Limited down payment, blemished credit, new employment? Why not consider a rent to own option? PDF 224 KB

  • The CreditMaster Mortgage

    Unlocking the equity in your home with a readvanceable mortgage like the CreditMaster® mortgage gives you access to a number of borrowing options best suited to your specific needs. Essentially, this is the last mortgage you will ever need! PDF 215 KB


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