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 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
Bank of Canada dropped the prime rate by 1/2% yet the major banks raised their lending rates on most of their mortgage products. The major banks posted 5 year rate now stands at 7.20%. usually you can get a discount of up to 1% off the posted rate which
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