Question 1

Can one buy a second home with less than 20% down?

Answer

Yes, we have lenders that will do this for you.

Question 2

Can you transfer your CMCH fees to your new house?

Answer

Yes, in most cases this applies.

Question 3

Can I own more than one insured house?

Answer

Yes, you certainly can.

Question 4

Can I take someone off my mortgage in a separation?

Answer

Yes New rules with CMCH allow one to have options.

Question 5

Can I use child tax credits for income?

Yes.

Answer

Salary positions require a letter of employment and a paysub Hourly positions require 2 year T4 average income used

Answer

A lender that has only one product in their business - Mortgages only A bank has several producs and takes deposits A credit union are not federally regulated but are provincially regulated

Question 6

Do I have down payment options?

Yes.

Question 7

Can part time employment qualify as income?

Yes.

Question 8

Are there self employed programs for both income and non income reporting individuals?

Yes.

Question 9

How do I calculate my part time income?

Question 10

What is a monoline, bank and credit union

Question 11

Common Questions

Questions & Answers

Common Mortgage Questions

Can one buy a second home with less than 20% down?

Can you transfer your CMCH fees to your new house?

Can I own more than one insured house?

Can I take someone off my mortgage in a separation?

Can I use child tax credits for income?

Do I have down payment options?

Can part time employment qualify as income?

Are there self employed programs for both income and non income reporting individuals?

How do I calculate my part time income?

What is a monoline, bank and credit union