cmhc: Most Will Not Be Affected By Recent Changes To Mortgage Rules
- 06/26/12 04:30 AM
Recent Changes to the rules regarding CMHC insured mortgages has resulted in some questions from buyers and home owners wanting to know if these changes will affect their ability to purchase or refinance their home. Still others asked if it would affect a purchase or mortgage commitment they already have in place. While the rule changes affect only a few they do reduce some of the risk involved in high ratio mortgages. The changes also provide a window for the government to reintroduce longer terms and higher GDS ratios should afforadability of homeownership become an issue here in Canada. The short answer for … (4 comments)
Recent Changes to the rules regarding CMHC insured mortgages has resulted in some questions from buyers and home owners wanting to know if these changes will affect their ability to purchase or refinance their home. Still others asked if it would affect a purchase or mortgage commitment they already have in place.
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