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Tag: mortgage

Starfish The Gray Team Ucluelet Real Estate
Navigating the Housing Market: When to Sell?

From the RE/MAX Sellers Guide Everyone wants to take advantage of the housing market when it comes to selling your home. Unless you are buying and selling strategically for investment, the best time to sell is when your existing home does not meet your current or future needs. A key factor to consider is the […]

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CMHC Raises Mortgage Default Insurance Premiums

The Canada Mortgage and Housing Corporation (CMHC) have decided to raise premiums on mortgage insurance.  It’s predicted that their competitors will raise their premiums as well.  The CMHC made the announcement last week stating that the change will be effective on May 1st, 2014. This change will not impact current homeowners.  According to an article […]

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6 Mistakes Home Buyers Make

Article from RE/MAX Western Canada Mistake #1.  Not Getting Pre-Qualified for a Mortgage Before looking for your next home take the time to get pre-qualified by the bank or mortgage broker you choose.  This can save you hours of searching for homes in the wrong price range or worse, purchasing a home and then finding […]

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Interest Rate Update: Why CMHC’s Latest Move is Good for Variable-Rate Borrowers

Interest Rate Update from Dave Larock Last week our federal government made another regulatory change as part of its continuing effort to cool real estate markets across the country. This latest tweak caps the amount of mortgage volume that CMHC will guarantee for each lender under its National Housing Act Mortgage-Backed Securities (NHA MBS) program. […]

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Home Buying Step by Step - Step Four, Mortgages

These articles were posted by the Canada Mortgage and Housing Corporation (CMHC).  They provide research and resources for mortgage and housing related topics and offer advice and tips for consumers. This is a 5 article series on the process of becoming a home owner.  All articles and media were taken from the CMHC website. Step […]

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