Tara Smith
harris ave N3R2E9 Brantford, ON, Canada

This is an interesting outcome for some due to covid-19 https://globalnews.ca//7062983/coronavirus-canadians-leav/

Genworth, Canada Guaranty won’t follow CMHC’s lead in tightening mortgage insurance rules A little bit of good news...especially for first time home buyers. https://ipolitics.ca//genworth-canada-guaranty-wont-follo/

Are you looking to payoff some higher cost debt? Do you have renovations you want to tackle? Would you like cash towards closing costs? Peace of Mind Promotion, you can choose to get 1, 2, or 3% of the total mortgage amount as a cash back when you close a standard 5 year fixed term mortgage at MCAP. And the best part is, the cash goes directly to you on the day of funding!

Changes are coming to CMHC Underwriting Critria Effective July 1. The highlights: ***The maximum gross debt service (GDS) ratio drops from 39 to 35 ***The maximum total debt service (TDS) ratio drops from 44 to 42 ***The minimum credit score rises from 600 to 680 for at least one borrower... ***Non-traditional sources of down payment that increase indebtedness will no longer be treated as equity for insurance purposes See more