New Canadian Mortgage Rules and the Summerland & Penticton Real Estate Market 
  1. New qualifying standards will mean borrowers in Summerland & Penticton must be able to handle a five-year, fixed-rate mortgage, even though they may opt for a shorter term and lower rate.
  2. Refinancing homes in Summerland & Penticton will now be limited to 90 per cent of the value of a property, down from 95 per cent.
  3. A minimum down payment of 20 per cent will be required for government-backed insurance on properties in Summerland & Penticton not lived in by their owners, up from 5 per cent.
Jim Flarety
New Canadian Mortgage Rules and the Summerland & Penticton Real Estate Market 

 

 

 

Raymond MAASKE,BBA, CCC, ACRE, ATM-B
Summerland & Penticton, Okanagan, BC

Website: http://www.HomeStarRealty.ca
E-mail:raymond@HomeStarRealty.ca
Phone:
250.488.8764

   Face book Raymond Maaske Home Star Realty icon Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate

"Oh by the way... I'm never too busy for your referrals"

 

 

0 Comments on New Canadian Mortgage Rules and the Summerland & Penticton Real Estate Market

Login or register to leave a comment

 
Raymond_adjusted

Raymond MAASKE

Summerland, BC

More about me…

Summerland, Penticton, Okanagan, BC - Real Estate and Homes

Address: Summerand, Penticton, Peachland, Kelowna, West Kelowna, Summerland, BC, V0H 1Z4

Office Phone: CALLMYCELL

Cell Phone: (250) 488-8764

Email Me

Okanagan Homes For Sale - Your #1 Source for KELOWNA, SUMMERLAND & PENTICTON BC Real Estate & Homes For Sale

You need a local expert working for you!

Click for Summerland, British Columbia Forecast


Links

Archives

RSS 2.0 Feed for this blog