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.

What is your credit score? How can you improve it?

Your credit score is a number that illustrates your financial health at a specific point in time. It is also an indicator of how consistently you pay off your bills and debts. Your credit score is one of the factors lenders consider when qualifying you for a mortgage. Credit scores range from 300 to 900, […]