An earnest deposit is a sum of money given to bind the sale of real estate, or a sum of money given to ensure payment or an advance of funds in the processing of a loan.
The CMHC Purchase Plus Improvement Mortgage or the CMHC Improvements program is an excellent option not many people are aware of.
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Contact Rampone-Marsh Mortgages for more information about the CMHC Purchase Plus Improvements or CMHC Improvements programs and find out how you can get the house you love and customize it so that it matches your ideal image of a home.
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Applying for a mortgage shouldn’t be hard or confusing,
What are Fixed and Variable rates?
In a Fixed Rate Mortgage, the interest rate is fixed for a specific amount of time. This period of time (the mortgage term) can range anywhere from 6 months to 10 years. Over the course of the mortgage, less of the payment counts toward interest and more toward the principal.
A Variable Rate Mortgage is one in which your interest rate will fluctuate with the Bank of Canada’s prime lending rate. When rates go up, a larger portion of the payment goes toward interest. When rates go down, more of the payment goes toward the principal.
Is it really safe to apply for a mortgage online?
Yes, Rampone-Marsh uses secure software for all their applications. Applying for a mortgage online with Rampone-Marsh Mortgages is safe and secure. Our online application uses a 128-bit SSL (Secure Sockets Layer) server, that is verified secure by Verisign/RSA. This is the exact same type of system and software that most large banks use to secure your online banking
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You guys, rock!
Thank you.
Garnet Dickinson
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Blog + Video
Here’s some more on The Purchase Plus Improvement Mortgage !
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Yeaaaaah mortgage!
Whether you’re self employed, or buying a home for a new family, we have the perfect mortgage option for you.