New CMHC Criteria

On June 4, 2020, CMHC announced changes to their underwriting criteria, which will impact sales in some parts of the new home sector. How does this affect home builders, realtors, mortgage brokers – and home buyers? What are the changes? Credit score requirement increasing from 600 to 680 Beacon; Flex down mortgages are no longer

All About Mortgages During COVID-19

All About Mortgages During COVID-19 Most times we live our lives only to look back and realize that we lived through a historic moment. This is not one of those times, from the beginning of the Covid-19 virus crisis, every development has been unprecedented.  As a result, many fears have been brought to our doorsteps.

Our Commitment In These Challenging Times

Ownest’s Commitment In These Challenging Times At Ownest, we understand the hardships that many businesses and individuals are facing due to COVID-19. As a Calgary based start-up, we’d like to do our part in offering some relief to Canadians, and to keep up the amazing community spirit that has been shown across the country. Since

4 Easy Tips To Pay Off Your Mortgage Faster

4 EASY TIPS TO PAY OFF YOUR MORTGAGE FASTER Congratulations! You are officially a homeowner and made a huge investment in your future. Instead of paying your landlord’s mortgage every month, you are now spending your hard-earned money on YOUR mortgage payments while building equity. One way to get the best possible outcome of your

First Time Home Buyers Incentive Program

First Time Home Buyers Incentive Program The federal government has recently introduced an incentive program for first time home buyers (FTHB) in Canada. This new program is designed to help first time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens. What does this mean for you? If you’re a