Mortgage Default Insurance
Insured vs. Uninsured Mortgages: Which Option is Best for Canadians?
In Canada, mortgages are a popular way for people to afford their dream homes. However, when it comes to choosing between insured and uninsured mortgages, many Canadians find themselves at a crossroads. Each option has its own advantages and disadvantages, making it crucial for potential homeowners to understand the differences before making a decision. Understanding […]
CMHC and Mortgage Default Insurance: The Secret No One is Telling You
Becoming a homeowner for the first time is a rite of passage into adulthood. It is an incredibly exciting stage in life. But it can also be incredibly overwhelming. One thing is for sure, you need a downpayment. But how much? And can you afford it? Thanks to the Canadian Mortgage and Housing Corporation (CMHC), […]
What is the FHA Loan equivalent in Canada?
For individuals and families looking to buy a home in the United States, FHA mortgage loans provide an option that is backed by the government and allows Americans to buy a house with a down payment as low as 3.5%. Canadians, on the other hand, can make use of a similar scheme known as the […]