Thanks Ramon and Dan. Seems like a reasonable explanation.

I can`t seem to actually find specific information anywhere on the web about this. I can ask a real estate lawyer but before I do, does anyone know if your purchase a dwelling (for primary residential, rental or commercial), do you actually own the land the the dwelling is situated? Please...

QUOTE (invst4profit @ Jun 25 2009, 04:02 PM) http://www.c2ventures.ca/mortgage_calculator.html Plug some numbers into a mortgage calculator. Financially you may discover renting will put more money in your pocket than owning. Plus there are a lot more expenses to owning compared to renting that...

QUOTE (Dan_Eisenhauer @ Jun 25 2009, 01:08 PM) Have you ever considered renting to own? It is a program that is perfectly suited to your situation. Take a look at our website, a link to which appears in my sig file below. If you have any questions, feel free to contact me. Interesting Dan...

QUOTE (invst4profit @ Jun 25 2009, 08:52 AM) With your past record I would wait. This would not only allow you a lower rate but would give you more time to save for a larger down payment. I would not be comfortable with only 5% down. Thanks. I thought so too but my only concern is that if the...

QUOTE (CanadianMortgageTeam @ Jun 24 2009, 06:54 PM) I`d keep shopping - if CMHC will approve you (as they would have to in order to be approved for any 5% down product) there are many lenders that will offer a fully discounted rate. In your case, realistically, the fully discounted rate will be...

I am looking for some personal advice. I am in a situation where I filed for bankruptcy 3 years ago and have been discharged over 1 year and 4 mths and have excellent reestablished credit since. I am looking at couple of homes right now where the prices seem to be reasonable and would like to...