The Canada Mortgage and Housing Corporation (CMHC) is best known as the federal crown corporation responsible for providing mortgage loan insurance to financial institutions such as banks, though as Canada's national housing agency, also provides housing research, in addition to developing policies and programs to assist those seeking to understand the role of real estate in our economy.

If you need to borrow to finance the purchase of property - whether residential, commercial, or a business - you should educate yourself as to different lenders' approaches to lending, and the mortgage 'products' available to you.

In addition to taking your income and monthly obligations into consideration, potential lenders will take weigh the relative benefits and risks of your employment, credit history, and tenancy/ownership status as factors in deciding the mortgage options and rate you're offered.

Contact your financier for more information, or feel free to ask us for mortgage specialist/broker references.