'Taking Real Estate To The Next Level'

September 2008 - Posts

• Shorter Mortgage Amortization Better In The Long Run

  Shorter amortization better in the long run As of October 15th, 40-year mortgages with no money down will no longer be covered through the federal government insurance program administered by Canada Mortgage and Housing (CMHC). Instead, the longest amortization Read More... Posted Monday, September 08, 2008 2:29 PM by Ty Lacroix Broker of Record | 2 Comments

• Government backed mortgages new stricter rules

  On Oct 15,2008, any mortgages that are government backed may impact you. No more 100% financing. On Oct 15, purchasers must have at least 5% down TDS Ratio (total debt to service ratio) Before that meant that all your debt obligations including mortgage, Read More... Posted Friday, September 05, 2008 2:33 PM by Ty Lacroix Broker of Record | 0 Comments