September 2008 - Posts

Shorter Mortgage Amortization Better In The Long Run
08 September 08 02:29 PM | Ty Lacroix | 48 Comments   
Shorter amortization better in the long run As of October 15th, 40-year mortgages with no money down will no longer be covered through the federal government insurance program administered by Canada Mortgage and Housing (CMHC). Instead, the longest amortization Read More...
Government backed mortgages new stricter rules
05 September 08 02:33 PM | Ty Lacroix | 1 Comments   
On Oct 15,2008, any mortgages that are government backed may impact you. No more 100% financing. On Oct 15, purchasers must have at least 5% down TDS Ratio (total debt to service ratio) Before that meant that all your debt obligations including mortgage, Read More...

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