Understanding Conventional vs. Insured Mortgages - Real Estate Insights

In this informative video, we delve deep into the world of conventional and insured mortgages, providing insight and practical advice to those on their home-buying journey.

Looking to buy a home but confused about whether to save for a 20% down payment or explore insured mortgage products from companies like Canada Mortgage and Housing Corporation (CMHC), Sagen, or Canada Guarantee? This video is for you.

We breakdown the differences between conventional and insured mortgages, and the pros and cons of each. From the ins and outs of saving for that hefty 20% down payment to understanding how companies like CMHC, Sagen, and Canada Guarantee can help you, we cover it all.

We also discuss how the government's policy changes over the years can impact your mortgage interest rates.

Furthermore, we highlight some scenarios that can benefit from an insured mortgage, such as first-time homebuyers or individuals with high debts. This video is also a must-watch for self-employed individuals or those with bruised credit scores as we touch upon the flexibilities that a conventional mortgage can offer.

Watch our video for answers to common questions like:

What does it mean for your mortgage interest rates?
Should you chase the down payment?
How can insured mortgages potentially help you enter the housing market sooner?
What are some of the strict guidelines of insured mortgages?
How can you build equity sooner with an insured mortgage?
Remember to hit the subscribe button, and click on the notification bell to keep getting great real estate insights. Feel free to drop your real estate, mortgage, and housing market questions in the comments section, and we'll answer them as soon as we can.

Want to build a budget for your home purchase? Reach out to us directly, and our team of preferred partners will give you the local competitive advantage in today's real estate market. We look forward to chatting with you!

For more useful tips and insights, check out our video on how to save for a down payment:    • How to save for a Downpayment  

Links and Contact Info:

Adam Walker
Your Friend in the Mortgage Business
Walker Mortgages
226-567-4274

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