mortgages: Important New Changes to Canadian Mortgage Policies, Rules, and Laws - 06/23/12 12:33 AM
The Government of Canada announces 4 significant changes that will affect mortgage qualification for all Canadians buying a home or refinancing a mortgage.
Canadian mortgage changes announced by Finance Minister Jim Flaherty on June 21, 2012:
1. Amortizations reduced to 25 years from 30 years2. Refinancing limited to 80%3. Properties purchased at over $1 million are no longer eligible for mortgage insurance4. GDS and TDS set at 39% and 44%
These new rules are to take effect on July 9th, 2012. Any application submitted between June 21st, 2012 till Jul 9th, 2012 will be subject to the current guidelines but the … (0 comments)

mortgages: Canadian Mortgage Rates - Update on new rates from Calgary - 03/24/12 12:14 AM
Mortgage Rates for Calgary Alberta and Canada - new rates now available
If you are thinking about buying a home, refinancing for debt consolidation, or renewing your mortgage, there has never been a better time! The new low mortgage rates available in Calgary are creating an incredible opportunity for families to be able to get their dream home. They are also ideal for existing home owners looking for a way to save money on their bills and reduce their interest rates on consumer debts like credit cards and loans. Because we have access to hundreds of banks and lenders from across … (2 comments)

mortgages: How Credit Scores Affect Mortgage Applications in Canada - 10/21/11 04:40 AM
If you're thinking about buying a home, debt consolidation, or refinancing it is important to understand what your credit score is and how you can manage or improve it.  Your credit score is one of the key factors banks and lenders look at to evaluate your creditworthiness making it one of the most important parts of your mortgage application – it helps to determine what rates you qualify for and possibly your overall application.  It tells possible lenders if you're likely to pay your bills responsibly and on time because it reflects every debt, credit card, loan payment, and late payment you've made in the … (0 comments)

 
Larry Arnason (Arnason Mortgages)

Larry Arnason

Calgary, AB

More about me…

Arnason Mortgages

Address: 632 - 15 Street NW, Calgary, AB, T2N2A9

Office: (403) 265-5363

Mobile: (403) 605-5987



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