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mortgage rules: Will Lending Restrictions Save us from Housing Bubble in Toronto? - 01/24/12 10:31 PM
New and updated Mortgage Qualification tools may have some buyers pushed out of the Toronto condo and housing market regardless of the interest rates. You could be affected if you are;
  a) Self employed b) Condo Purchasers need to include 100% of Maintenence Fee.     Stated-income products have become very popular during this housing boom, allowing more banks to get involved in loaning to the selfemployed.
"These are individuals that are self-employed, have great credit and won't be able to validate their ability to pay if they are not showing their income on their notice of assessment," said one … (0 comments)

 
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David Pylyp

Toronto, ON

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RE/MAX Realty Specialists Inc.,

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