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Feb
19
Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the “stress test.” These changes will come into effect on April 6, 2020. The new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, […]
Sep
6
HELPING MAKE HOME-OWNERSHIP MORE AFFORDABLE The First Time Home Buyer Incentive(FTHBI) is a new shared equity mortgage plan in which the Government of Canada provides money to help you make a downpayment on a home, in exchange for equity in your home. When you sell your home, you will pay back the equity share the […]
May
11
Looking to buy a home or refinance your existing Mortgage? How will the new Mortgage Rules impact you? I can help you understand how the Mortgage Qualification Rules apply to your unique situation, and provide you with a financing solution built around your personal needs. Apply for a Mortgage Approval Online: Click Here Printable Mortgage […]