Back to Blog
  • All borrowers will be required to meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter terms.
  • Reduced maximum amount that can be withdrawn in refinancing a government-backed insured mortgage to 90 per cent from 95 per cent of the value of the home.
  • Require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner occupied properties purchased for speculation. Borrowers purchasing owner-occupied residential properties will still be able to access government-backed mortgage insurance with a 5 per cent down payment.
  • Comments

    No comments

    Post Your Comment:

    *indicates required fields.
    Your Name:*
    Please note, your email will not be shown publicly
    Your Email (will not be published):*
    Comment:*
    Please type the text as it appears above:
      looking at buying
      home
      past client
      Contact Me