First National Offers Mortgage Insurance

By
Mortgage and Lending with Brent Irving - Dominion Lending Corp. British Columbia

First National Financial LP, the largest non-bank provider of single-family residential mortgages in Canada, launched its Self-Insured Mortgage this week. It is meant to be a low-cost option to CMHC's high-ratio mortgage insurance. With a First National Self-Insured Mortgage, qualifying home buyers can shave 0.40 percent off the one-time mortgage insurance payment. The First National insurance is tailored to Canadians whose down payment is five percent of the purchase price. On a $250,000 mortgage, for example, qualifying home buyers with a First National Self-Insured Mortgage will save $1,000 more than they would if they obtained their mortgage through a lender requiring mortgage insurance, according to First National. First National's Self-Insured Mortgage is distributed through mortgage brokers across Canada

In order to qualify for the First National self insured mortgage the applicants need to have excellent credit as well as meeting all of the other lending criteria.  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
British Columbia

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pants to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
7,806

Brent Irving

Mortgage Broker - Vancouver, BC
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information