Category Archives: Mortgage Rules

Mortgage Penalties

SMP: Theresa’s Soap Box – Mortgage Penalties Today I am here to chat about mortgage penalties. Why I’m getting a lot more questions about mortgage penalties from clients in the past couple of months? What is the normal mortgage penalty … Continue reading

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Good-bye 35 Year Amortization?

Theresa’s Soap Box – Good-bye 35 Year Amortization? Today we’re going to talk about the 35 year amortization; the end of it and where you might be able to still find it. March 18th is officially the end of the … Continue reading

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CMHC Rule Changes – Refinancing Limit

Theresa’s Soap Box – CMHC Rule Changes – Refinancing Limit Today we’re going to finish up our series about the CMHC rule changes.  The last topic we are going to cover is the refiniancing limit.  You may know that the … Continue reading

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CMHC Rule Changes – Home Equity Line of Credit

Theresa’s Soap Box – CMHC Rule Changes – Home Equity Line of Credit Today we’re here to talk about home equity lines of credit and the new CMHC changes announced earlier this week. A home equity credit is a credit … Continue reading

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CMHC Rule Changes – Amortization Periods

Theresa’s Soap Box – CMHC Rule Changes – Amortization Periods Today we’re going to talk about the CMHC mortgage rule changes which were announced yesterday. The first item on the list was amortization periods.  For higher ratio mortgages the maximum … Continue reading

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3 Things that Affect Your Credit Score

Theresa’s Soap Box – 3 Things that Affect Your Credit Score 1)      Approaching or surpassing your credit limit on credit cards For example you have a $5,000 limit on your credit, don’t go over 75% of that limit. Keep it … Continue reading

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Did you Know? Upcoming Changes to Mortgage Rules…

You might already know that Finance Minister Jim Flaherty has announced three major rule changes to government backed insured mortgages.  These include changes to the 5-year fixed qualification rate, 90% maximum refinance and 80% maximum rental financing. These changes are … Continue reading

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