17 Jan

Government of Canada Changes Mortgage Rules (again)


Posted by: Sean Binkley

Mortgage rules change again… The maximum amortization for insured mortgages will be reduced to 30 years. The maximum amount you can borrow to re-finance your home will change to 85% loan to value. The changes only affect insured (CMHC) mortgages and not until March 18th 2011. So, what does this mean? It actually is not […]

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