New shared equity mortgage program can help first-time buyers afford home

Author: External Author | Nov 20, 2019 | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

When you’re borrowing less, that premium is less,” Power says. “For the borrower, it becomes price minus down payment plus the mortgage insurance fees. That’s what they have to borrow.

Read More

Original Article Source Credits: Edmonton Journal , https://edmontonjournal.com/

Article Written By: JOSH SKAPIN

Original Article Posted on : October 25, 2019

Link to Original Article: https://edmontonjournal.com/life/homes/new-shared-equity-mortgage-program-can-help-first-time-buyers-afford-home