Canada Mortgage and Housing Corporation

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Mortgage Dictionary -> Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

When youíre looking to purchase a home in Canada, the CMHC is a good place to start when determining how much you can afford and if now is a good time, financially, for you to buy a home. The Canada Mortgage and Housing Corporation, provides mortgage insurance to Canadian home buyers and has been in business for over 60 years. It works with the private sector, non-profits, community organizations and government agencies within Canada. As Canadaís national housing agency, the CMHC offers a step by step guide to help consumers make wise home buying decisions. The guide includes sample worksheets and is written in easy-to-understand language. For more than half a century, the Canada Mortgage and Housing Corporation has served people all over Canada when they consider purchasing a home. The information they provide helps potential home buyers compare their purchasing power with the size, type and location of home they intend to buy. Armed with information upfront, the consumer can then make sensible choices in purchasing and in determining when is the best time for them to buy. Not only that, but the CMHC is helpful when searching for a home in the location you desire. The informed buyer will be better equipped to not only find ways to purchase the house and property they desire, but to easily afford the mortgage payments without overextending themselves. Knowing all costs involved and exact payments can help the consumer prepare and plan for their new mortgage and budget accordingly. If youíre interested in purchasing a home in Canada, it would be wise to contact the Canada Mortgage and Housing Corporation with any questions you may have. As Canadaís national housing agency, their organization is steeped in knowledge that will meet your real estate purchasing needs. Canada Mortgage and Housing Corporation provides and funds social housing for low income families. One of its largest projects is the redevelopment of the Toronto downtown area in the mid 50's, formerly the centre of the Cabbagetown neighbourhood. It also assists in providing social housing for aboriginals.