Competitive rates. Informed advice. Personalized service.
Are you buying a house for the first time, renewing your mortgage, or looking to refinance? Casera understands how important it is to provide you and your family with the most affordable mortgage package.
Mortgages Made Easy
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Casera Mortgage Solutions
First and second conventional mortgages require a down payments of at least 20%, allowing for loans up to 80% of a home's appraised value. Maximum amortization is 30 years.
First home mortgages, also called high ratio insured mortgages, are designed for first-time buyers and require 5% down payments. Purchasers can borrow up to 95% of a home's value. Canada Mortgage and Housing Corporation (CMHC) or Genworth Canada insures the mortgages. Amortization is 25 years.
Builder mortgages assist with building new homes. These mortgages are available on a conventional basis or through CMHC or Genworth Canada. Based on contractor quotes, funds are advanced in stages throughout the building process.
An interim financing loan provides a new home purchaser with funds to close a deal before receiving funds from the sale of their existing home. Terms are generally three months. Upon maturity, the outstanding principal and interest are payable in full.
When it comes time to make an offer on a new home, a Casera pre-approved mortgage can be an advantage. Pre-approval provides an affordable price range based on a qualified mortgage. It can also be a determining factor in negotiations because the seller knows the purchaser's ability to obtain mortgage financing is secure.
Casera guarantees interest rates on pre-approved mortgages for 90 days, provided possession is within that period.