Federal Government Tightens Mortgage Lending Rules

(June 21, 2012, posted in Obtaining a Mortgage)

The Federal Government will be tightening mortgage lending rules effective July 9, 2012. Borrowers with less than 20% for a down payment will be subject to a maximum amortization of 25 years from 30 years and will be limited to home purchases of less then $1 million. In addition, home owners will only be allowed to access up to 80% of the equity in their home when refinancing as opposed to the pre... read more.

Buy or Sell first?

(June 19, 2012, posted in Selling a Home)

If you are considering looking for a new house, and are a current home-owner, then chances are you’re wondering what your strategy should be:  do you wait to find the perfect new home before you put your current home on the market, or do you sell first and then look around?  You have a few options.  Use the following as a guide to explore what might be the best move for you.

Sell First:

There are sever... read more.