Purchase

Buying a new home, second home or investment property?

Every property is part of your dreams and goals & every property purchase is super important to your bottom line. Let me show you the best strategies to save and make you more money.

Please call me to discuss the INFLATION HEDGE STRATEGY . This can save you tens of thousands, even hundreds of thousands of dollars on your mortgage and pay your mortgage off years soonerThis works for purchase or refinance.          [email protected] 416-727-3222 or 604-539-4789.

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New mortgage rules as of July 9, 2012.

Effective July 9th, 2012 on insured mortgages (more than 80% financing):

  1. Maximum amortization to shrink from 30 years to 25 years. This will increase mortgage payments by about 12% on average.
  2. Limit debt servicing for GDS (Gross Debt service, which are all property-related expenses like mortgage payments, taxes, heating, condo fees, etc) to 39%, from 44%.
  3. No mortgage insurance on properties over $1 million.
  4. Refinances are capped at 80% financing. (Down from 85%)
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