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What Does Extended Ratios Mean?
You maybe have heard about a decline, or been declined yourself in regards to the Affordability on your mortgage. The fact that you cannot afford this mortgage payment would not necessarily mean you are declined, it means you have to seek out Alternative Lending. They extend this affordability, which means they take your ratios and…
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What A Triple “A” Mortgage Looks Like. On Closing.
This is the Triple “a” mortgage. There are a few names, bank lendingndue tonbanks historically lending to best credit clients, a borrower, strong covenant. How do these mortgages look when someone wants to buy a home? Remember there is land transfer taxes as well as other fees, if you are not a First Time Home…
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Mortgage Default Insurers In Canada: What They Look For.
These are the 3 insurers that are in Canada. SAGEN CMHC CANADA GUARANTY These companies let you try and achieve a low down payment of 5%. They are all very similar with similar premiums on the insurance policy that gets attached to your purchase. Remember the tier based costs that are associated at each level…