Real estate blog entries tagged with firstline firms up mortgage rules by Brian Madigan LL.B. (RE/MAX West Realty Inc., Brokerage (Toronto))

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Home : Blogs : Brian Madigan LL.B. : Brian's Ontario Real Estate Blog : Tag "firstline firms up mortgage rules"

firstline firms up mortgage rules: FirstLine Firms Up Mortgage Rules - 02/04/12 04:04 PM

FirstLine Firms Up Mortgage Rules
Ontario Real Estate Source
By Brian Madigan LL.B.
FirstLine which is the mortgage lending arm of CIBC has imposes new restrictions on its mortgage lending practices.
No longer will “stated income” be acceptable in mortgage applications. It must be provable. This will have an impact on the self-employed and new immigrants.
Clearly, this will take a pool of funds out of the mortgage availability pool.
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact … (1 comments)

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Brian Madigan LL.B.

Toronto, ON

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RE/MAX West Realty Inc., Brokerage (Toronto)

Address: Toronto, Mississauga, Oakville, Brampton, Caledon, Thornhill, Greater Toronto Area

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