Question 1

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

Accepted Answer

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

Question 2

Can you transfer your CMCH fees to your new house?

Accepted Answer

Yes, in most cases this applies.

Question 3

Can I own more than one insured house?

Accepted Answer

Yes, you certainly can.

Question 4

Can I take someone off my mortgage in a separation?

Accepted Answer

Yes  New rules with CMCH allow one to have options.

Question 5

Can I use child tax credits for income?

Accepted Answer

Yes.

Question 6

Do I have down payment options?

Accepted Answer

Yes.

Question 7

Can part time employment qualify as income?

Accepted Answer

Yes.

Question 8

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

Accepted Answer

Yes.

Question 9

How do I calculate my part time income?

Accepted Answer

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

Question 10

What is a monoline, bank and credit union"

Accepted 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 11

Accepted Answer

Enter your answer here

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780-690-8901 Beaumont Leduc Edmonton & Area

780-881-8845 Fort Mcmurray Region

877-865-8845 Alberta Wide

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Common Questions

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Alberta Toll Free: 877-865-7555

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Westerose Alberta T0C 2V0

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