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Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. You may be wondering how this all trickles down to the appraisal report.

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

Your mortgage must also be eligible for mortgage insurance through Canada Guaranty, CMHC or Sagen (previously known as Genworth.) . The mortgage insurance premium is based on the loan-to-value ratio of the first mortgage only. These can include: Additional legal fees- Since you will be closing on two mortgages, your fees may increase.

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