Monday, June 8, 2020 / by Nicole Stanway
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.
Wednesday, May 13, 2020 / by Nicole Stanway
The answer is Yes. Our Guest today Jason Henneberry with Mortgage Pal shares how to write the interest off on your primary residence by converting it from bad debt to good debt.