Longer-Term Mortgages Gaining Popularity

The majority of Canadians (74%) would opt for a medium-term or longer-term mortgage if they were to acquire, refinance or renew a mortgage today, according to a CIBC poll. That includes 27% who think now is the time to look beyond the traditional 5-year fixed mortgage for a term of up to 10 years. 47% would choose a medium-term mortgage (three […]

Are you Self-Employed? Need a Mortgage?

Need a Mortgage? But you are Self-Employed? What you need to know if you are Self Employed and want to qualify for a mortgage to buy a home. If you are self-employed or a business owner, you may be surprised to find that getting a mortgage, without the conventional documents, is not a simple process.