9 July 2012
9 July 2012
LIFE UNDER NEW MORTGAGE RULES
| As most of you are aware – starting today, July 09, 2012, Department of Finance Canada has implemented legislative changes for real estate secured insured mortgages. Ministry Rule Changes for HIGH RATIO Loans (Greater than 80% LTV): 1. Maximum Amortization Period The maximum amortization has been reduced to 25 years from 30 years… Read more |