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MLI Select mortgage loan insurance represents Canada Mortgage and Housing Corporation’s premium mortgage insurance product designed for creditworthy borrowers seeking enhanced flexibility and competitive pricing. Unlike traditional mortgage insurance with standardized rates, MLI Select uses sophisticated risk assessment to provide individualized premium pricing that can save qualified Alberta homebuyers thousands of dollars over their mortgage […]
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MLI Select mortgage insurance has revolutionized how Alberta homebuyers access competitive mortgage rates with down payments as low as 5%. This innovative mortgage loan insurance product from Canada Mortgage and Housing Corporation (CMHC) offers unique flexibility that traditional mortgage insurance cannot match, potentially saving qualified borrowers thousands in premium costs over their mortgage term. Understanding […]
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CMHC’s MLI Select program requirements for 2025 have introduced enhanced qualification standards that reward creditworthy borrowers with premium savings up to 25% compared to traditional mortgage insurance. The updated requirements reflect Canada Mortgage and Housing Corporation’s commitment to risk-based pricing while maintaining accessibility for qualified Alberta homebuyers seeking competitive mortgage insurance solutions. Understanding these specific […]
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Last weekend, I hosted three open houses in Edmonton and Calgary, and the same question came up at each one: “How do these actually work in Alberta?” Here’s what’s really happening in our province’s open house scene right now – and why 73% of Alberta home buyers still visit them before making offers. An open […]
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What Does “No Money Down” Home Buying Really Mean? How to buy a house with no money down is a strategy that allows homebuyers to purchase property without using their own savings for the down payment. Zero down payment mortgages are technically illegal—Canadian parliament outlawed them in 2008. However, there are still ways you can […]
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Understanding Mortgage Notes in Alberta Real Estate A mortgage note is a legal document that represents a borrower’s promise to repay a loan secured by real estate property. As of June 2025, approximately 68% of Alberta homeowners carry mortgage notes, with the average mortgage amount reaching $420,000 according to recent provincial data. These financial instruments […]
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