Types of Mortgages
 

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First Mortgages

• We deal with Banks, Credit Unions, Life and Trust Companies and MICs.

• Rates of interest are deeply discounted from the posted rates of the
big banks.

• Whether you have 5% or 50% down payment, let CMI find a lender that suits your needs.

Buying a Home
  Is it a good investment?
Selecting a home type
The key players in your purchase
Purchase price checklist

Financing a home
  Using your RRSP
Buying with as little as 5% down
Getting a pre-approved mortgage
What type of mortgage should you choose?


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Second Mortgages

• For borrowers wishing to avoid high ratio mortgage insurance premiums or taking equity out of a home to consolidate debt.

• Lender's criteria for Second Mortgages are negotiable and less stringent than regular bank mortgages

• These funds are available in situations that institutional lenders will not entertain.

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Equity Financing

• For Purchasers with 25% down and good credit, CMI can arrange an Equity Mortgage without ANY income confirmation.

• For Self-employed people with good credit, 15% down payment, current tax returns and no taxes owing CMI can arrange 85% financing for a purchase.

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Construction Mortgages

Construction loans are time consuming. Major banks offer these loans to borrowers who have substantial personal equity in the project to be financed.

• We have lenders who specialize in these loans and some
have lower borrower equity requirements for qualification

• Whether you build to sell or are constructing your own dream home, put CMI to work for you.

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Commercial Mortgages

These are often the most difficult mortgages for many borrowers to obtain through traditional banks.

• CMI has placed millions of dollars of commercial financing for Apartment buildings, Strip malls, Warehouses and Office Buildings.

• Our years of combined mortgage experience really shines through here.

• We can provide a list of past and recent projects successfully financed by our team at The Home Mortgage Group

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