Susan Paulsen | Edmonton Real Estate

Edmonton Real Estate News


780-990-7657


Overview
This program is designed for self-employed borrowers
who are unable to provide traditional income verification
but have a proven 2-year history of managing their credit
and finances responsibly. Eligible borrowers typically own
a small size business for a minimum of two years, which
can be confirmed via a third-party arm’s length document.
In addition, the borrower is required to declare their
annual income and annual business revenue, which should
be reasonable based on the industry, length of operation
and type of business.
Self-Employed Borrowers can:


• Benefit from the convenience of reduced income
confirmation requirements


• Gain greater access to homeownership and home equity


• Benefit from reduced monthly mortgage payments


• Take advantage of low down payment options and
dedicate capital to their business


Contact Susan for more info

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Overview


At Genworth Canada, we know that today’s busy lifestyle
requires more homeownership options - whether it’s a
second home in the city to reduce that weekly commute,
or a cottage at the lake for weekend getaways. With our
Vacation/Secondary Home Program, Canadians can now
purchase a second home with an affordable monthly
payment and with a 5% down payment.
With the Vacation/Secondary Home


Program, borrowers can…


• Gain greater access to homeownership


• Take advantage of low down payment options


Contact Susan for more info

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Overview


Genworth Canada can help qualified home buyers

make their new home just right for them, with tailored

improvements, immediately after taking possession of

the purchased property. All this can be done with one

manageable mortgage and with only 5% down.

With the Purchase Plus Improvements

Program borrowers can…


• Renovate their new home immediately after taking

possession


• Enjoy the convenience of having one mortgage payment


• Benefit from lower interest rates


For more info Please Give me a Call 

Susan Paulsen

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Federal Budget homeowner loan
To help make home ownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive.


The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC).


It is expected that approximately 100,000 first-time home buyers would be able to benefit from the Incentive over the next three years.


Since no ongoing payments would be required with the Incentive, Canadian families would have lower monthly mortgage payments. For example, if a borrower purchases a new $400,000 home with a 5 per cent down payment and a 10 per cent CMHC shared equity mortgage ($40,000), the borrower’s total mortgage size would be reduced from $380,000 to $340,000, reducing the borrower’s monthly mortgage costs by as much as $228 per month. Terms...

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There they are — those numbers in bold on the top of the property assessment report from the City of Edmonton, casting judgment on many a family's most valuable asset.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.