Should You Get Mortgage Insurance?
Key Takeaways While the mortgage default insurance offered by CMHC is intended to protect the lenders in case you default on your payments, mortgage life insurance is all about protecting your loved ones in the event of your death. Mortgage default insurance is mandatory for any homebuyers putting down less than 20% of the property […]
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What to Do if You’re Denied a Mortgage Loan
Step Back, Assess What Went Wrong, And Develop A Plan You received your mortgage pre-approval letter, found the perfect home, and learned your offer was accepted. You were all set to take the next steps – closing and moving into your new house – when you got the news: mortgage loan denied. After a lengthy […]
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