If you need assistance, please call 403-809-3523

Changes to Mortgage Rules taking Effect July 1

Monday, June 8, 2020   /   by Nicole Stanway

Changes to Mortgage Rules taking Effect July 1

As of July 1, CMHC announced they are tightening the ability to qualify for a mortgage. We are joined today by Joe Jacobs with Mortgage Connection to talk about the following changes; 1) Credit Score 2) Debt Service Ration 3) Debt Servicing 4) Gifting These will be taking effect in a few weeks. Also talking about what other insured lenders are doing (Genworth and Canada Guarantee) are doing. And a Silver lining on Interest rates, both variable and fixed.

  real estate, calgary, canada, alberta, investment property, income property, economy, real estate tips, first time home buyers, selling real estate tips, single family, condo, townhome, selling your home, forecast, recreational, mortgage, covid-19, mortgage interest

Royal Le Page Mission
Chris Matlashewski
107, 2915 21 St. NE
Calgary, AB T2E 7T1

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated October 18, 2021 6 PM CST
This site powered by CINC: www.cincpro.com