Marcus Kallweit

Affiliated Real Estate Agent

Home Realty Inc., Brokerage*

560 Parkside Drive

Waterloo, ONN2L 5Z4

Office:	519-570-4663
Office Fax:	519-570-9151
Direct:	519-590-3056

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Mortgage Rules

Starting March 18/2011 there will be some changes, again, to the mortgage industry:

1- Maximum amortization time will be reduced from 35 years to 30 years which can make a difference of around $ 100 in payments on a $ 300,000 Mortgage

2- The maximum Canadians can borrow to refinance their mortgage will be lowered from 90% to 85%

Posted by Marcus Kallweit on January 18, 2011

Tags: buying first home in Waterloo buying homes in kitchener Cambridge Community First time buyer Home Sales House Value Looking for a new home Mortgage Selling your home Tri City Market Reports and Conditions

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Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage organization. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC, used under license. ® Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Inc. and Century 21 Canada Limited Partnership.

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