I can find the perfect mortgage for you!
The rules, interest rates, and qualifying calculations are different for the two groups. It is harder to qualify for insured mortgages and for that reason they are considered safer than conventional mortgages by the investors, that is the reason why you will also get better-discounted rates for those. Most lenders advertise their best rates in the media rather than four different sets of rates so feel free to contact me any time to find out what the actual rates would be regarding your own situation.
* However, multi-unit residential mortgages (legal duplexes, triplexes, and 4-plexes) can be insured by CMHC as long as one of the units will be occupied by you, and it is a purchase under $1 million.
Your credit rating along with your income also affects your qualification and interest rate, and for that reason, we have different sources for mortgage money such as the major banks, trust companies, credit unions and private money.