June 2012

Federal Government Tightens Mortgage Lending Rules

Posted on Jun 21, 2012 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...

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Buy or Sell first?

Posted on Jun 19, 2012 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 b...

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