Skip to the content
  • Home
  • Meet Cindy
    • Meet Cindy Janisch
    • What Cindy Can Do For You
  • Residential Mortgages
    • Refinancing
      • Mortgage Refinancing
      • Renewing a Mortgage?
      • Equity/Line of Credit
      • Bad Credit Mortgage
    • Purchases
      • Self-Employed
      • Pre-Qualified Mortgages Edmonton
      • Edmonton’s Lowest Mortgage Rates
      • No Down Payment Mortgage Edmonton
      • New Immigrants
      • Variable Rate Mortgages
      • Fixed Rate Mortgages
      • First-Time Home Buyer
    • Extra Properties
      • Repeat Home Buyers
      • Investing in Real Estate
      • Vacation Properties
  • Mortgages 101
    • CMHC Video – Homebuying Step By Step
    • More CMHC Videos
  • Calculators
    • Mortgage Analyzer
    • Payment Analyzer
    • Rent vs Buy Analyzer
  • Contact us
Menu
  • Home
  • Meet Cindy
    • Meet Cindy Janisch
    • What Cindy Can Do For You
  • Residential Mortgages
    • Refinancing
      • Mortgage Refinancing
      • Renewing a Mortgage?
      • Equity/Line of Credit
      • Bad Credit Mortgage
    • Purchases
      • Self-Employed
      • Pre-Qualified Mortgages Edmonton
      • Edmonton’s Lowest Mortgage Rates
      • No Down Payment Mortgage Edmonton
      • New Immigrants
      • Variable Rate Mortgages
      • Fixed Rate Mortgages
      • First-Time Home Buyer
    • Extra Properties
      • Repeat Home Buyers
      • Investing in Real Estate
      • Vacation Properties
  • Mortgages 101
    • CMHC Video – Homebuying Step By Step
    • More CMHC Videos
  • Calculators
    • Mortgage Analyzer
    • Payment Analyzer
    • Rent vs Buy Analyzer
  • Contact us
APPLY NOW

Accredited Mortgage Professional

  • April 13, 2017
  • admin
Here are some reasons why you want to work with a Mortgage Broker who is an Accredited Mortgage Professional.
House model with mortgage broker and customer

Reasons Why You Should Work with an Accredited Mortgage Broker Professional

The AMP is Canada’s only national designation for mortgage professionals. Accredited Mortgage Professionals (AMPs) maximize their competitive advantage with the knowledge and training needed to succeed in today’s increasingly competitive marketplace. The designation represents a powerful marketing tool, enhances consumer confidence and improves the image of the industry.

Why is it Important?

There are so many options today when you are seeking out information on Mortgages. There are bank Mortgage Specialists, Mortgage Associates, Mortgage Brokers, new on line rate centres providing products on line. But, what does this truly mean for the consumer?

Here is a quick summary of the changes that have been made over the past year.

February 2016 – New Down payment requirements for homes priced between $500,000 – $999,999. 5% down payment on First $500,000 and 10% down payment on the portion above $500,000.

October 2016 – Mortgage Stress Test. All insured mortgages must qualify at Benchmark rate. The current benchmark rate is 4.64%. The Impact for buyers with less than 20% down payment will shrink the amount of mortgage which they can purchase.

Bulk Insurance legislation makes Monoline lenders less competitive and push for higher interest rates for those with a larger down payment. This limits the choice of lenders and could result in higher prices for consumers.

Taxes – capital gains exemptions on principal residences should only apply to Canadian residents. Everyone who sells their principal residence must report the sale at tax time to the Canada Revenue Agency.

January 2017 – Capital Requirements, geography now included when determining the amount of capital required for loans secured by property. Consumers could end up paying more in specific geographic areas.

March 2017 – Mortgage Insurance premiums increase for all levels of Loan to Value. More cost directed to the consumer to qualify for their mortgage.

Please contact Cindy Janisch Accredited Mortgage Professional and work with a professional who can guide your thru the mortgage approval maze.

Share:

More Posts

no down payment mortgage

How To Get a Mortgage With No Down Payment in Canada?

Are you looking to buy a house in Canada but don’t have the cash for a down payment? Don’t worry! There are a number of

Contact your lender immediately

If you are concerned that you may not be able to make your mortgage payment it is critical that you contact your mortgage lender immediately.

First Time Home Buyers Incentive

First Time Home Buyers Incentive How Does First-Time Home Buyers Incentive Work? The First-Time Home Buyers Incentive helps first-time homebuyers without adding to their financial

Mortgage pre-approval documents in the office

Mortgage Pre-Approvals

What is Mortgage Pre-Approval? A mortgage pre-approval is a preliminary evaluation by a lender to determine if you would qualify for a loan and how

Send Us A Message

PrevPreviousBad Credit Mortgage?
NextBreaking a Mortgage ContractNext
footer-logo.png

I started working in the banking industry in 1999, I have worked with two major financial institutions, one being TD Canada Trust and the other CIBC. I have 15 years experience in the Financial Services Industry and happy to be able to offer my clients the best product to suit their needs. I service Edmonton and surrounding areas.

Quick Links

  • Meet Cindy Janisch
  • Residential Mortgages
  • Home Buying Step By Step
  • Contact Us
  • Blog

follow us

Facebook-f Twitter Instagram
  • Phone : 780-298-9502
  • Fax : 866-267-6106
  • E-mail: [email protected]

©2022 Cindy Janisch, Mortgage Associate