mortgages: Is the market slowing down?
- 10/29/08 02:19 AM
CMHC forecasted this slow down over a year ago, kudos to them! If you want more info click or paste http://www.charitylinkrealty.ca/cityprofiles/london/index.jsp. On the right hand side click on the CMHC links, lots of good valuable information. The good news is we will continue to move to a balanced market, that’s right no buyers market in sight. That means an equal number of buyers and sellers out there. Yahoo the strong survive! Prices won’t increase as quickly as in the recent past and sellers might have to negotiate a few more extras (yeah) such as appliances. The forecast does call for … (0 comments)
mortgages: 100% financing? Not anymore.
- 07/30/08 03:06 AM
On July 9, the Department of Finance announced that it will no longer offer 100% financing or 40 year amortizations. You will however be able to obtain mortgage loan insurance for amortizations of up to 35 years and up to 95% of the value of the property. So, if you were thinking of 100% financing or a 40 year amortization, you may have to take another look at your options. October 15, 2008 is when these changes are to take effect. … (0 comments)
CMHC forecasted this slow down over a year ago, kudos to them! If you want more info click or paste http://www.charitylinkrealty.ca/cityprofiles/london/index.jsp. On the right hand side click on the CMHC links, lots of good valuable information. ;)
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