Posts Tagged ‘Home Equity’
New Mortgage Rules – Changes to Home Equity – July 9, 2012
From the AM650 Radio Real Estate Show, Bill Macklem of Dominion Macklem Mortgages at BilliMac.com explains the changes to Home Equity as it pertains to the New Mortgage Rules coming July 9, 2012.
Read MoreCanadian Federal Government Announces New Rules for Insured Mortgages Effective July 9, 2012
Today the Federal Government announced new rules for insured mortgages. The new rules effective July 9th are: The maximum amortization is reduced to 25 years from 30 years. Properties purchased for over $1 million are no longer eligible for mortgage insurance. The maximum equity homeowners can take out of their existing home when refinancing is…
Read MoreNew Online Calculators by Dominion Macklem Mortgages on BilliMac.com
Today on BilliMac.com, Dominion Macklem Mortgages is happy to announce a complete set of new interactive online mortgage calculators that are ready to use on the website. You can find the new Calculators section in our navigation bar located at the top of this website, or by clicking here. We provide 28 online calculators among…
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