Other Mortgage Options

Assumable Mortgage Loans

The History of Assumable Mortgage Loans At its most basic, Assumable Mortgage loans can be transfered to someone else without having to alter the original mortgage terms. The new party takes over the obligation for the payments left on the mortgage and is now legally on the hook for all ...
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Blanket Mortgage

Blanket Mortgage Definition: A blanket mortgage is financing that covers multiple plots of land in a purchase by one borrower. Frequently, land developers will use the blanket mortgage to buy a larger piece of land for the purpose of splitting it into numerous separate parcels for development or resale. Instead ...
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Creative Finance Real Estate

Creative Ways to Finance Real Estate For the majority of home buyers, the traditional path to mortgage financing is the one to follow. This means that you save between the 5 percent common minimum down payment to the 20 percent down payment that conventional lenders require, keep a credit score ...
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High Ratio Mortgage Canada

High Ratio Mortgage Canada The high ratio mortgage in Canada is a great way to get into your house sooner and begin building equity. It isn't a loan you want to have through the entire amortization period, but the renewal process in Canada almost guarantees that you can get out ...
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Low Income Mortgage Loans

How to get a low income mortgage loan? If you feel like you'll never be able to get into the home you want because of your income, a low income mortgage loan maybe the answer. According to the Canada Mortgage and Housing Corporation, 20 percent of families and individuals in Canada ...
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Mortgage Postponement

Mortgage Postponement There are times when the obligations of a mortgage become more than what borrowers can manage. There are other times when borrowers have multiple mortgages out on the same property. In both of these cases, there are times when mortgage postponement is the best option for both the ...
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Open vs Closed Mortgages

Open vs Closed Mortgages Knowing the best loan for your needs is not always easy, but the first thing you need to have clear in your mind is the difference between Open vs Closed Mortgages. There are many exciting aspects to purchasing a new home. Poring over floor plans, choosing ...
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RRSP for Down Payment

Having a Down Payment Dilemma? Consider your RRSP Are you looking to buy your first home? Are you short on the down payment needed to qualify for a mortgage? That money you’ve been locking away into your RRSP could make the difference. The Canadian government offers borrowers The Home Buyers’ ...
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RRSP Mortgage Rules

RRSP Mortgage Rules Using your RRSP to Invest in Mortgages One complaint that many Canadians have about their Registered Retirement Savings Plans (RRSPs) is the low returns on their investment. Many portfolios are heavily invested in vehicles that are backed by the government or that have guaranteed returns, which means ...
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Vendor Take Back Mortgage

What is vendor take back mortgage? Take Back Mortgage Definition:A vendor take back mortgage which is also know as a seller take back mortgage is another way for a buyer to find a source of funding to purchase a home. In this case, the seller offers to lend some of ...
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Bridge Mortgage Financing

Bridge Financing And Your Mortgage So you've been plugging away at your finance job in Calgary for five or six years now, long enough to have bought a home and started a family. Suddenly you receive a chance to jump to a better position within the firm, but now you ...
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Flex Down Mortgage

What is a flex mortgage loan? Here's how a flex down mortgage works. If you're looking to buy a home and have a decent, reliable salary, and your credit is strong, there's no longer any reason to wait until you've saved up 20 percent of the purchase price of that ...
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Hard Money Commercial Lenders

How to obtain commercial hard money loans for commercial real estate When it comes to finding a commercial hard money loan, the process is similar to the residential hard money process. However, commercial hard money financing can be more expensive than residential notes because of the additional degree of risk ...
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Hard Money Residential Loans

Hard money loans are granted on the basis of the collateral asset rather than the credit of the borrower himself. Generally, hard money loans come from private individuals or companies that seek investment in the real estate market. Because the loan represents a higher degree of risk than conventional residential ...
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Inheriting a House Mortgage

Hearing that you have inherited a home can be exciting news. However, you definitely want to take a look at the fine print in the will to make sure that you don't have big headaches headed your way. One of the biggest potential headaches can come when the home still ...
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Interest Reserve Mortgages

Interest Reserve Mortgages in Alberta Cheap gasoline might seem like a boon to the economic fortunes of many regions throughout the world, but in Alberta it means hard times. The dip in crude oil prices has sent Alberta into a recession; between January and August, for example, unemployment rose from ...
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Jumbo Mortgage Definition

An Overview of Jumbo Mortgages Jumbo Mortgage Definition: A "jumbo" mortgage is a mortgage in an amount higher than their preferred maximum. Your average bank has a range of mortgage sizes in which it prefers to stay. In Canada, there are some lenders who view a "jumbo" loan as anything ...
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Manufactured Home Mortgage Loans

If you are in the market for a RTM (ready-to-move) manufactured home, but don’t have the cash on hand to pay for it up front, there are a variety of lenders within our network that will provide you the Manufactured Home Mortgage Loan required to help you complete the purchase ...
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Mortgage Products Services

Deciding which new mortgage products and services makes sense can be difficult, I’m here to help. Call Amansad Financial Today or get started by filling out or Mortgage Pre-Qualification Form. Mortgage Products Explained There are several factors to consider when making a mortgage decision. From terms and rates to flexibility ...
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Understanding Bridge Financing

Most people don’t spend their entire adult lives in the first home that they buy. Sometimes they move to another city, sometimes they need a larger home as their families grow, and sometimes they need something smaller, either through a divorce or when the kids go off to college. At ...
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