Just an update on current Mortgage Rates offered by my partners at Equity Plus Mortgages. Rates are starting to creep up across the board, and with the new Mortgage Rules coming into effect next month now is the time to get Pre Approved if you're
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Filed under: windsor real estate market update, mortgage rule changes, mortgage rules, high ratio mortgage changes, bank rates, posted mortgage rate, variable mortgage, interest rates, mortgage rates, overnight lending rate, variable rate mortgage, mortgage qualification rules, windsor mortgage information
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
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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