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Will Canada's New Mortgage Rules Affect You?

The new mortgage rules are set to take place on April 19, 2010.  Let's examinie what impact these new rules will have on the consumer. Firstly, In order to qualify for an insured mortgagage, borrowers will now need to qualify for a five year fixed rate.  This means that the borrower must now be able to afford payments and interest of a 5 year term mortgage product, in order to qualify ...
Posted by John Siarkas on March 6, 2010
Tags: Mortgages
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