Sentences with phrase «cmhc insured loans»
His expertise include securitized mortgage trusts specializing in CMHC insured loans and conventional loans on multi-family apartment buildings.
https://www.mcap.com/ Not exact matches
The Canada Mortgage and Housing Corporation (CMHC) insures the lender in case you default on your loan.
This role includes the management of approximately 25 mortgage originators located in offices nationally and the credit review of the commercial loan products, including CMHC - insured fixed and floating rate loans, CMBS loans, small commercial loans, second mortgages and interim / construction loans.
Even though CMHC will insure loans for up to 95 % of a property's value on purchase transactions and mortgage refinancing for renovations will be limited to 85 % of a property's value, one question still remains.
While it's true that banks aren't on the hook for loans that have been CMHC insured, it doesn't mean you are off the hook.
CMHC assesses the property at a much lower value, making the loan amount lower that it'll insure.
If you use CMHC insured financing to renovate your home to make it more energy - efficient, a 10 per cent refund on the mortgage loan insurance premium may be available.
High - ratio Mortgage - A mortgage that exceeds 75 percent of the loan - to - value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.
It facilitates the insuring of National Housing Act (NHA) loans made by approved lenders and for direct mortgage lending under a variety of programs by Canada Mortgage and Housing Corporation (CMHC).
In this role he is responsible for providing support on client / broker acquisitions, relationship and credit management processes, along with critically assessing loan applications and providing transactional support on conventional and CMHC insured commercial loans.
Rosina Di Vizio - Mendes is a Commercial Funding Manager, leading a team of funding administration professionals, and is responsible for overseeing the funding of commercial term mortgages and CMHC insured multi-residential unit loans on a national basis.
CMHC will underwrite and insure commerical loans for anything over 4 units across Canada for as little as 15 % down, although the min down generally never materializes as their values are very conversative, often much less than the purchase price.
That's because high - ratio loans must be insured against default (by CMHC for example) and once they are, a lender's potential for loss is minimized.