Financing | Baywood Homes

Note: All the links listed below lead to third-party web sites.

How Much can I Afford?

Apply online for a pre-approved mortgage:

RBC Royal Bank

Mortgage Rates

Mortgage Loan Insurance

If you have less than 25% of the purchase price to put down on your new home, you will be required to purchase mortgage insurance through your lender. Click on CMHC for more.

Canada Mortgage and Housing Corporation (CMHC)

Financing Information and Options

Use the calculator to estimate the maximum mortgage amount you may be able to qualify for subject to certain conditions.

Click here for mortgage calculator

Foreign Exchange Calculator

Click here for Foreign Exchange Calculator

Down payment:
The portion of the home price that is not financed by the mortgage loan. The buyer must pay the down payment from his/her own funds or other eligible sources before securing a mortgage.

Mortgage payment:
A regularly scheduled payment that is often blended to include both principal and interest.

Property taxes:
Taxes charged by the municipality where the home is located based on the value of the home..

Definitions provided by the Canadian Mortgage and Housing Corporation, 2010