A recent announcement by the Federal Government concerning recent changes to home financing have caused a little bit of confusion. Two parts of the rule changes announced concern the “re-financing” of your existing home and these take effect on March 18, 2011.
It is important to note that home purchases can still be made for as little as 5% down, so nothing has changed there. Now you can breathe a little easier as a home buyer!
The other good news today is that the Bank of Canada has NOT changed it’s lending rates, which is very good news to consumers these days. As ever, we are here to help. Feel free to contact us at any time.
No comments:
Post a Comment