canadian mortgage rules: CMHC and the New Mortgage Rules in Canada
- 07/10/12 03:39 AM
On June 21, 2012 the Government of Canada announced new parameters regarding the application of government backed mortgage insurance that take effect on July 9, 2012. This has raised many questions from families that are getting ready to buy a home regarding their CMHC and issues that may affect their application and approval. The following clarifications are from CMHC and acknowledge industry realities and accommodate delays that may occur that are often beyond the new home owner (borrower’s) control: • An application which is received by CMHC between June 22, 2012 and July 8, 2012 inclusive, for a loan where the … (0 comments)
On June 21, 2012 the Government of Canada announced new parameters regarding the application of government backed mortgage insurance that take effect on July 9, 2012. This has raised many questions from families that are getting ready to buy a home regarding their CMHC and issues that may affect their application and approval.
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