Mortgages with Claudia & Hisham
242 Main St Ottawa, ON, Canada

UPDATE: Bank of Canada holds key interest rate at 0.25%

Super Proud of myself ! Busy last month... no slowing down here

*** Effective July 1, 2020 - New Changes to CMHC underwriting*** Effective July 1, the following changes will apply for new applications for homeowner with 20% down and less: -> The maximum gross debt ratio will drop from 39 to 35 and from 44 to 42. -> The minimum credit score will rise from 600 to 680 for at least one borrower... -> Non traditional sources of down payment will no longer be accepted. See more

COVID-19 How we can help ? If you are worried about being able to make your next mortgage payment a reminder, the following options may be available to assist homeowners during these times. Here are some of the options available to you : ... Deferral of payments Re-amortization of the loan Consolidation of outstanding debts Payments arrangements