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Home | March 2011News | Canadian Mortgage Insurance Changes Coming Soon
 
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  • Canadian Mortgage Insurance Changes Coming Soon
  • Canadian Mortgage Insurance Changes Coming Soon
  • March 01, 2011
  • Canadian Mortgage Insurance Changes Raises Questions for Home Buyers in Canada.

    Vancouver BC - Announced in January, the Canadian Mortgage Insurance program changes are fast coming into effect. These new Mortgage Insurance changes may effect home buyers in Canada.

    Summary of Changes:
    Maximum amortization is decreasing down from 35 years to 30 years.
    Maximum Equity Take out is decreasing from 90% to 85%.
    Canadians will no longer be able to secure a line of credit on their homes if the loan-to-value is under 80% on insured lines only.

    The Canadian Credit Center (CCC...
  • View more at: http://www.1888pressrelease.com/canadian-mortgage-insurance-changes-coming-soon-pr-282605.html
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