CMA Blog

What are my closings costs?

A universal mistake is overlooking the extra expenses that must be paid at completion of the home buying process. So, here is everything you need to know to help you avoid the repercussions of overlooking the closing costs.

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How to calculate your affordability?

What you need to know about the Stress Test and how it works.

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How to calculate your actual monthly cost

So let's get to it, what's the actual costs? You're walking in downtown Toronto Ontario, and you notice a beautiful condo near Pearl St for sale. Listed at $600,000 according to the concierge. You take out your phone, open the purchase calculator in the app and start plugging in the numbers.

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Collateral, Convertibles and Cash back

What does collateral, convertibles and cash back have in common? Let us explain the uncommon options that you may have yet to explore when it comes to securing your mortgage. Furthermore, gives you something to discuss with your broker...

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Tips for more living space

Square footage within a home is a luxury which only a few can afford. However, with a little bit of creativity and good design can create astonishingly spacious living spaces. Here are our recommendations for more breeding room from home buying to renovating and redesigning a beautiful living space...

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3 Uncommon Mortgage Options

There are several types of mortgages and features available in Canada. As you may already comprehend the common ones, we will describe the unique options and features available to Canadians and how to connect using the app...

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How to promote your app

Some professionals have asked, “what is the point of me sharing my personalized app with my existing clients?” That's a good question. We can tell you that promoting yourself and keeping your name on your client’s phone and minds is always an advantage. Your existing clients may not require your service at this point but we guarantee they know someone that does and your clients can just simply share your app with their friends and family. Leads that come through referrals are the most powerful and beneficial.

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Securing a mortgage as self-employed will get easier

With last years introduction of the Stress Test, it may have seemed virtually impossible to secure a mortgage as a self-employed buyer. Proving that you're a suitable borrower when your income varies unpredictably is challenging and ultimately, could hinder lenders from approving the loan. As of October 1st, 2018 it’s about to become a little bit lenient. Canada Mortgage and Housing Corporation (CMHC) unveiled on July 19th that they would willingly provide lenders extra guidance and flexibility when it comes to self-employed borrowers; Which is in line with the National Housing Strategy’s mission to proactively address the housing needs all across Canada.

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2 Practical Ways To Reduce Your Amortization

There’s so many extensive information out there about how to pay off your mortgage faster, and after reading numerous articles and speaking to experts, we have narrowed it down to only two. Everything else is essential such as making sure you get the best deal or lowest interest rates. When it comes down to what undoubtedly makes a difference between securing a mortgage and paying it off two to five years earlier than scheduled; we found that it’s all about these two things.

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Top 3 Advantages of CMA PRO

CMA PRO is an extremely fast and cost-effective way for an agent to have a branded app with their colours, rates and logo built on top of the #1 ranked app in the country.

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