Stated earnings mortgage loans can’t be covered by CMHC

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Stated earnings mortgage loans can’t be covered by CMHC Restrict LTV/Minimum Advance payment: You could potentially borrow around a good 95% loan-to-worthy of (LTV) or make a down payment as little as 5% towards first $five-hundred,000, and ten% into the rest. Limitation Loan amount: The price otherwise value of the house must be below $one […]