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Bridge Mortgages in Canada

Canadian Mortgages, Inc. (CMI) can help you with Bridge Financing Do you need a bridge loan to complete your mortgage financing process? CMI brokers have expertise with integrating bridge financing into a comprehensive mortgage lending process. Through the use of bridge financing, Canada has a potent tool to facilitate the complex mortgage financing process. But [...]

What Happens When a Bank Forecloses on a Mortgage?

If you have been missing your mortgage payments and are financially in a tough spot, you may already be thinking what happens when a bank forecloses on a mortgage. It is generally in the interest of both the bank and the borrower to avoid foreclosure proceedings, but sometimes this becomes difficult. If you default on [...]

Conventional Mortgage | Definition | Explanation

The term conventional mortgage refers to a mortgage that does not carry any form of high-ratio or lender insurance premium. The Bank Act of Canada controls many facets of the finance industry, and the mortgage industry is not immune to its effect. As a law, no chartered bank or is able to offer mortgage financing [...]

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