Organizations need Human Resources departments for a wide variety of reasons. If you are just in the new phases of opening your own business, you might think that HR departments are all about benefits administration and finding new employees. That is just the beginning, though, because a solid HR operation ...

To Our Valued Customers, As we're all aware, COVID-19 has changed how many people in Canada and all over the world will approach and live their lives. We hope that everyone is doing their part to stop the spread of the virus. We currently are doing our part to reduce ...

One reason why Amansad Financial Services, Inc. opened its doors was to help borrowers who have the means to take on a mortgage or some other form of financing but cannot successfully negotiate the thicket of government regulations. We have encountered many borrowers over the years who have damaged their ...

A lot of recent buyers of home and residential property are thinking of various optional ways for home and  security. When it comes to closing on a property, there are 3 general methods for securing the transaction with respect to the property specifications. It also provides some peace of mind for ...

Inter Alia Mortgage Definition The term "inter alia" attached to a mortgage simply comes from the Latin phrase for "among other things," and it refers to a type of loan in which the lender is not satisfied with the property that is being pledged as security for a mortgage. In ...

Without Traditional Third Party Validation of Income A major change in the mortgage approval process for the self-employed could have significant effects on their access to CMHC mortgage loan insurance for a home if they cannot provide third party verification for their income. However, for those who can provide the ...

When you are selling or buying a home, the real estate professionals that deal with the different elements of the final transaction are going to use at least one valuation tool in order to bring your contract to execution. The most common products are a Comparative Market Analysis, or CMA, ...

There has been a lot of interest in collateral mortgages since CBC's Marketplace took a stab at TD Canada Trust's product on January 27, 2013. Up until a few years ago, most mortgages were registered as a standard charge mortgage. The major decisions were to opt for a fixed or ...

A new survey commissioned by ING DIRECT found that 67% of Canadians who have had or currently have a mortgage felt the process was either complicated, confusing , or hard to figure out. Thirty-eight per cent of current or former mortgage holders say getting a mortgage is time consuming while ...

Shall CMP break it to your BFS clients or should you? The ugly truth about B20 is that self-employed borrowers may actually have to report their full income. The new OSFI lending guidelines, demanding an unprecedented level of scrutiny with regards to BFS borrowers. have caught many self-employed flat-footed and ...

For farmers and agricultural co-operatives, the CALA Program provides access to guarantee programs that make loans more readily available. These loans can go toward establishing, improving, and developing farms, and agricultural co-operatives can also use the funding for processing, distribution and/or marketing of farming products. The purpose of this program ...

On June 1, the enhanced mortgage “stress test” that had been suggested in April will go into effect for borrowers who have insured and uninsured mortgages. In most cases, any mortgage where the down payment exceeded 20% of the purchase price is considered an insured mortgage. The Stress Test simply ...

What is a down payment? Most Canadians don’t have enough money to pay for a home with cash they have in the bank. Instead, they apply for a mortgage, and they start with a down payment. The cash payment that the buyer makes toward the property is the down payment ...

Collateral refers to a property or other form of security that a borrower puts up in exchange for a loan. Collateral assignment of life insurance can be used as collateral against a loan. Should the borrower die while the loan remains outstanding, the lender gets to collect any amount due ...

If you are looking for a home valued over $2 million, you are in a market with skyrocketing demand. Home prices continue to stay on the rise, and high-end homes make a terrific investment, particularly in BC and Ontario. The properties are gorgeous and offer seclusion and quiet in the ...