Roberta Weiss › Professional Background › Blog › March 18, New Mortgage Rules!!! Do Not Miss It!!!

Stefania Patraulea

Sales Representative

Leading Edge Realty Inc., Brokerage*

301-1825 Markham Road

Scarborough, ONM1B 4Z9

stefania.patraulea@century21.ca
Office: 416-298-6000
Office: 416-298-6910
Direct: 647-283-8970
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March 18, New Mortgage Rules!!! Do Not Miss It!!!

1)        Maximum mortgage amortization will go from 35 years down to 30 years. (the difference works out to an extra $30 more per month for every $100,000 borrowed)
2)       The maximum you can refinance will go down from 90% to 85% of the value of the home
3)       CMHC will no longer support Home Equity Lines of Credit (if a client wants a line of credit to purchase, they must have 20% for down payment).

For contact information, please call/text me at: 647 283-8970 or email me at: stefania@HomesForEveryone.ca

 

Posted by Stefania Patraulea on March 7, 2011
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