|
|
|
|
|
|
|
Friday, July 25, 2008
 |
|
MORTGAGE LENDING INITIATIVES WILL CHANGE AS OF OCTOBER 15TH 2008
On October 15th lending institutions will no longer be able to do 100% financing on properties in Canada. 95% financing will still be available.
Also the option of using a 40 year amortization in order to qualify for a mortgage will be terminated.
If you have been considering either of these financing options now is the time to act !
Please contact us if you wish further details or to discuss your buying needs.
|
 |
|
|
|