More Changes
Posted by Becky on 15 Jul 2008 | Tagged as: Programs, Trish Belford, mortgage, real estate
Last week it was reported that the 40 year amortization would no longer be an option for home buyers. As well, home buyers would have to have 5% down since 100% financed mortgages will no longer be an option as of October 15, 2008.
These two changes have been/will be implemented in order to avoid the same problems the USA are currently experiencing.
Please read the following article for a little more information. http://www.reportonbusiness.com/servlet/story/RTGAM.20080709.wmortgagestaff0709/BNStory/Business/home
Should you have any further questions, please do not hesitate to contact us at 613-966-6060.
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