Department of Finance Canada's New Mortgage Insurance Rules

Posted by Larry Estabrooks - Agent at 7/9/2008 7:06 PM and is filed under Tips for Buyers
Effective October 15th a Canadian home buyer's ability to get a government back mortgage for 100% of their purchase price will end. The maximum amortization period will be reduce from 40 to 35 years. learn more here:
http://www.fin.gc.ca/news08/data/08-051_1e.html

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