Claude Gaboury
RE/MAX Real Estate
16 Westgrove Drive, Spruce Grove, Alberta
P: (780) 962-8580 F: (780) 962-8998 Email
RE/MAX Real Estate
16 Westgrove Drive, Spruce Grove, Alberta
P: (780) 962-8580 F: (780) 962-8998 Email
Monday, January 17, 2011 - New Mortgage Rules!!!
Three new changes announced today by Finance Minister Jim Flaherty:
Effective March 18, 2011, it will become harder to buy a new home or consolidate debt into your mortgage.We know this will have an impact on our clients and thought we would share the key points to remember.
1) Amortization change to max 30 Years on CMHC and GE mortgages, this will impact clients with less then 20% down payment. 2) Maximum 85% financing on refinances (equity take outs NOT on Purchases). 3)Elimination of ...
Full Article...
posted in News
at Mon, 17 Jan 2011 13:18:31 -0700
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