Industry Reaction to CMHC's New Mortgage Rules
Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers.
The Canada Mortgage and Housing Corporation (CMHC), Canada’s national mortgage insurance provider, unveiled stricter underwriting policies on Thursday for insured mortgages.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : June 5, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/06/reaction-cmhcs-new-restrictions-insured-mortgages/