Liza Brown
19 C Newberry K8N3N2 Belleville, ON, Canada
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Locality: Belleville, Ontario
Phone: +1 613-848-5757
Address: 19 C Newberry K8N3N2 Belleville, ON, Canada
Website: www.mortgageedgequinte.ca
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Government proposed rules ....a GREAT INVESTMENT....for the GOVERNMENT! 100,000 PLUS new purchases generated (if purchasers bought at $400,000 could generate CM...HC $840,000,000 in insurance money) PLUS they mitigate their risk by owning 10% of all the properties they insure. NOTHING LIKE THE GOVERNMENT PUTTING THEIR HANDS IN MORE OF WHAT BELONGS TO YOU! What does this mean for buyers? Maybe saving $150 a month. The LOAN (not a grant) would eventually need to be repaid. What would trigger repayment? Selling or refinancing or transferring title --- anything that would affect or compromise their ownership in the lands. Next, we need to find out what position on title they will go in and what instrument they will use to secure 10% title. Will they be on title as an owner? Will it be a lien or a second or first mortgage? This is a very clever way for the Government to generate billions of dollars while scapegoating first time home buyers! A bad deal! Do NOT let the Government own any share in your property! You are basically UNABLE to do anything with your property unless you are 100% owner. It’s more debt for purchasers and more profit for the government. Tell the Government you need REAL HELP owning a home like the removal of the stress-test and so on! If you're interested, watch the video to learn more. Sarah A. Colucci Mortgage Agent Lic. M14000929 Mortgage Edge, Broker 10680
Unsure if you qualify in todays markets for a mortgage? Using a broker can unmask a lot of confusion surrounding the new government rules.