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 BHM Financial Group to Offer Alternative Solutions to New Mortgage Rules- BHM Financial Group to Offer Alternative Solutions to New Mortgage Rules
- December 20, 2016
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Due to the new mortgage regulations, more and more borrowers are turning to second tier, higher-interest mortgage lenders to acquire their dream homes. Big down payments are out of reach and unaffordable to many working Canadians.
Montreal, Canada - The federal government of Canada has recently introduced new mortgage rules that will cut into the purchase powers of home buyers. Starting on Oct 17, 2016, all borrowersmust have a minimum 20% down paymentto be eligible for a mortgage with a top tier bank.
Turning to a second-tier lender is one way of financing the dream of owning a home. It comes with a steep price tag though. When talking about hundreds of thousands of dollars, interest's rates matter. A lot.
Since...
- View more at: http://www.1888pressrelease.com/bhm-financial-group-to-offer-alternative-solutions-to-new-mo-pr-604104.html
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