Industry Reaction to CMHC's New Mortgage Rules

Author: ExternaL AuthorR | | Categories: Best Mortgage Rates , First Time Home Buyer , Home Mortgage Purchase , Mortgage Agent , Mortgage Broker , Mortgage For Purchase , Mortgage Pre-Approvals , Mortgage Refinance , Mortgage Services , Mortgage Specialist

First Time Home Buyer Oakville

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. 

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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/



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