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Mortgage Interest | Crystal Ball Predictions For Calgary Blog

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.

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  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

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