kellyerinehart

First-time homeowners have use of innovative new programs to reduce downpayment requirements. The Home Buyers' Plan allows first-time buyers to withdraw up to $35,000 tax-free from an RRSP to finance a home purchase. Lower ratio mortgages generally offer more term flexibility and require only basic documentation beyond ID, income...

Mortgage brokers can negotiate lender commissions letting them offer discounted rates compared to lender posted rates. Bank Mortgage Lending adheres stability focus prioritizing balance portfolio diversity risk management profitability through full documentation prudent standards informed accountable choice discretion. Mortgage Qualifying Guidelines govern federal and provincial risk management policy balancing...