Buying a house in Canada with bad credit can seem tough. But New Homes Alberta is here to help. Your credit score doesn’t have to stop you from owning a home. In Canada, credit scores range from 300 to 900. Scores below 560 are seen as bad credit. Even with bad credit, you can find […]
...Private mortgage insurance (PMI) can be a big financial weight for homeowners with smaller down payments. Knowing how to drop PMI can save you a lot of money each month. When you buy a home with less than 20% down, lenders often ask for PMI to protect their investment. Getting rid of PMI is not […]
...Refinancing a mortgage can be a smart move for homeowners in Canada. New Homes Alberta knows it’s key to understand the costs of refinancing. This helps homeowners make better choices about their home loans. The cost to refinance a mortgage can vary a lot. It usually falls between $2,500 and $3,000. Homeowners need to get […]
...A land contract is a special way to buy property where the seller finances the deal. It lets buyers own property without needing a bank loan. This method is flexible and works well in many real estate markets. In a land contract, the seller is the main lender. This helps buyers who can’t get bank […]
...Exploring the Canadian real estate market in 2025 is full of exciting opportunities. It’s now easier for new investors to get started. Many different ways to invest in property are available. The Canadian real estate scene is always changing. This change brings new chances for investors to grow their wealth. New rules and market trends […]
...More and more Canadians are choosing to buy homes without a realtor. They want to save money and have more control over the purchase. New Homes Alberta sees this trend growing, with buyers and sellers handling things on their own. Buying a house without a realtor means you need to plan carefully and do your […]
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CMHC MLI Select offers homebuyers valuable opportunities to reduce costs and access mortgage insurance. This program provides lower premiums and additional benefits to eligible applicants, making homeownership more attainable.
Understanding the eligibility requirements and application process is crucial for potential homeowners. From income criteria to documentation needs, navigating CMHC MLI Select requires careful attention to detail and expert guidance.
New Homes Alberta offers comprehensive guides and articles on various aspects of CMHC MLI Select and other mortgage insurance programs. These resources provide valuable insights into qualification criteria, application processes, and potential benefits.
Stay informed about the latest developments in Canadian real estate and mortgage insurance by exploring our curated content. Our expert contributors offer practical advice and in-depth analysis to help you make informed decisions about your home purchase.