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October 2017

Found 1 blog entry for October 2017.

The Big Banks have decided to alter Mortgage Guidelines once again.. This video gives you an insight into what is happening..

Click on the link or copy and paste into your web browser to watch this 3 minute video..

 

Hello Everyone, Cam Bird with Re/Max Saskatoon. I just wanted to send out a quick update on the new upcoming mortgage stress test in January 2018 that the Federal Government has implied. Where it is changing the market, place is Buyers with even 20% cash down payment now will have to qualify at the posted 5year interest rate, which currently is about 4.8%. However, you are able to receive the lower 3.5% (as of Oct. 2017) As of right now, the 5%-20% cash down Buyers, have had to these guidelines since October 2016, where they

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