Mortgage Super Brokers
#304 - 3016 5 Ave NE T2A 6K4 Calgary, AB, Canada
Category
General Information
Locality: Calgary, Alberta
Phone: +1 800-604-1864
Address: #304 - 3016 5 Ave NE T2A 6K4 Calgary, AB, Canada
Website: www.superbrokers.ca
Likes: 313
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Advantages of using a Mortgage Broker https://www.superbrokers.ca//9863-mortgage-broker-advantag
House prices expected to drop in 2017 https://www.superbrokers.ca/news/9854-house-prices-drop
With new regulations, insured mortgages have a maximum 25 year amortization. Banks often choose to insure low ratio mortgages, and cover the cost themselves. Having insured mortgages allows banks to off load the risk and securitize these mortgages. [ 48 more words ] https://www.superbrokers.ca/news/9849-mortgage-amortizations
In October and November this year the Government of Canada made changes to mortgage insurance requirements. Mortgage insurance is provided by three companies in Canada. The biggest provider of mortgage insurance is CMHC a crown corporation. This insurance is paid for by the borrower and protects the lender in case of default. It reduces the lenders risk therefore enabling consumers to purchase homes with as little as 5% down. [ 99 more words ] https://www.superbrokers.ca//9842-new-mortgage-insurance-r
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