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Tag Archives: amortization
Here we go again. Just as we’re setting into our spring market, an announcement from the Office of the Superintendent of Financial Institutions Canada, verifies that they may be looking at changes to amortization rules yet again, tightening the rules … Continue reading
According to a recent study, home buyers are becoming more conservative and financially responsible. Also, tighter mortgage rules and global financial events are really driving the message home. Affordability took a hit in 2012, so there’ll be a readjustment period, … Continue reading
Here’s a list of 10 questions that The Globe and Mail assembled to help you understand the nuances of Payout Penalties. BMO’s Mortgage Prepayment Calculator. ING’s Mortgage Prepayment Calculator. CIBC’s Mortgage Prepayment Calculator. HSBC’s Mortgage Prepayment Information page. National Bank … Continue reading
Since 2008 the Canadian Finance Ministry has tightened up the rules for government-backed mortgages 4 times. The most recent change in July 2012 hurt Canadian first-time home buyers the most because it made it harder to qualify for financing. Use … Continue reading
Now that the new mortgage rules from the OSFI have taken effect, there are Opportunities for Some Credit Unions.
Taking effect July 9, 2012, we Canadians will experience the 4th round of amortization rules in as many years.
Another awesome article from the folks at canadianmortgagetrends.com. Here are their 20 observations of the New Mortgage Rules.