The Federal Government has made changes to Mortgage Financing rules for Government insured mortgages. Amortization periods have been reduced to a maximum of 30 years from 35. Homeowners will now only be able to refinance their homes to a maximum of 85%
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Filed under: windsor real estate, windsor market update, cmhc, first time homebuyer information, mortgage rule changes, mortgage rules, high ratio mortgage changes, Canadian housing market, windsor real estate market, bank of canada rates, windsor housing maket, mortgage qualification rules
The Federal Government is proposing new rules that will make it much more difficult for condo buyers to qualify for financing. Currently when applying for financing 50% of the condo fees have to be added to monthly debt. Under the new proposal 100% of
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Filed under: Market Conditions, Finances, cmhc, first time homebuyer information, mortgage rule changes, mortgage rules, high ratio mortgage changes, posted mortgage rate, interest rates, Canadian housing market, mortage rates, economic conditions, mortgage qualification rules
Housing Starts Increase in June OTTAWA, July 9, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “The
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Filed under: Market Conditions, Buyer Information, Seller Information, housing stats windsor essex county, windsor essex county real estate market update, windsor housing market report, windosr housing stats, cmhc, first time homebuyer information, windsor market stats, windsor essex county market stats, windsor essex county real estate, housing outlook 2009, Canadian housing market, canadian housing stats, windsor essex county real estate stats, housing market, cmhc housing stats, cmhc June housing stats
Best mortgage rates my partners at Equity Plus Mortgages are getting are 3.59% on a quick close 5 year mortgage. If you're even thinking of buying a property go to the links section in my website and fill out an on line mortgage application to get
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Filed under: Finances, Buyer Information, windsor real estate market report, windsor real estate market update, windsor real estate, windsor essex county real estate market update, cmhc, first time homebuyer information, high ratio mortgage changes, no money down, windsor housing statistics, bank rates, bank of canada, interest rates, prime rate, mortgage rates, windsor essex county real estate, Canadian housing market, overnight lending rate, bank of canada rates, economic conditions, bank of canada prime rate, windsor market report, windsor housing maket, windsor first time buyers, windsor housing prices
The Federal government introuduced new rules for mortgages coming effective October 15th, 2008. Changes included: 1. The elimination of no money down mortgages. All buyers will now have to have a minimum of 5% downpayment on any house. 2. The maximum
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