0 Comments
by Jeremy
Lets take a person earning $60,000, no debt and a credit score less than 680. Today this person could qualify for $353,000 in mortgage amount based on a 30 year amortization. After July 9, this same individual would be limited to $312,000 mortgage based on a 25 year amortization. Now lets take this same individual and suggest a credit score greater than 680. Today this person could qualify for $455,000 based on a 30 year amortization. After July 9, this same individual would be limited to $356,000 on a 25 year amortization. Aside from the obvious qualifying standpoint, limiting mortgage default insurance to homes under…
Read More
Posted by Jeremy
The Bank of Canada remains committed to the status quo as global headwinds continue to restrain economic activity.…
Posted by Jeremy
Why it pays to do your homework before you get a mortgage. Aside from being the biggest financial…
Posted by Jeremy
And so it begins… Effective September 4, 2012 National Bank is implementing the new Home Equity Line of…
Posted by Jeremy
Canada’s banking system has been the subject of international praise from economists grappling with global turmoil, but one…
Posted by Jeremy
My friend Nathan is a tax accountant and he is great at looking at things objectively. Last week…
Posted by Jeremy
In the past, financial institutions would not provide borrowers with the complex formulas and examples needed to accurately…
