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| Let me take this opportunity to wish you and your dear ones a bright, safe and definitely successful 2011. As you already know the Government of Canada has made changes to the mortgage rules as follows and this could affect first time home buyers and others. 1) The maximum number of years the government will back a mortgage lowered from 35 to 30. 2) The max that Canadians can refinance their homes lowered from 90% to 85%. 3) Govt. insurance backing on Home Equity Lines of Credit or HELOC’s, has been removed. 4) Mortgage calculations for condos will include 100% maintenance instead of 50% as is currently the case. In view of the above, if you answer “Yes” to the following questions, then you need my HELP: Q. 1. Do you love your home, but, it is small or old and you want to move? Q. 2. Are the prices of newer / bigger homes in the area/s you want, rising? Q. 3. Do you have a limited budget to buy a bigger/newer home? Q. 4. Are you a first time home buyer and need help to get a mortgage? As a Licensed Mortgage Agent and Realtor®, I am able to offer you the following packaged solutions. If you want to discuss your individual situation, please send me an email: EVALUATION: I will evaluate your financial situation, your current home and your current mortgage (if any) and provide you with a written report. INNOVATION: I will provide you with recommendations for an innovative solution which no one has offered you before. REGENERATION: I will provide you a plan to show you that you are wealthier than you think! If you know someone who is a first time home buyer and needs clarification on the new mortgage rules, please ask them to call me or send me an email and I can discuss with them their individual situation. |
Wednesday, March 2, 2011
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