Mortage News
March 9th, 20101] Canadian Government announces 3 new rules for home financing,
that will take affect April 19, 2010.
Important note: These new rules apply to government-backed
insured mortgages only.
* Borrowers will need to qualify for a 5-year fixed rate
regardless of what term they choose.
* Borrowers will no longer be able to refinance their homes to
95% of it's value. 90% will be the new ...