Self-employed individuals may must provide extra cash documentation such as taxation assessments when applying for the mortgage. The CMHC provides tools like mortgage calculators and consumer advice to help educate house buyers. Mortgage Refinancing to a lower rate will help homeowners save substantially on interest costs over the amortization period. Skipping or delaying mortgage payments […]
Mortgage rates are heavily influenced by Bank of Canada benchmark rates and 5-year government bond yields. Construction project mortgages impose maximum 18-24 month financing horizons suitable complete builds generating retention expiry incentives transitioning terms match investor owner occupant timelines upon occupancy permitting final inspection sign off. Lengthy extended amortizations over 25 years or so reduce […]
