Blog Updates


8 Mistakes to Avoid When Buying a Home

June 28th, 2012

You’ve been saving for awhile, weighing your options, looking around casually.  Now you’ve finally decided to do it—you’re ready to buy a house!  The process of buying a new home can be incredibly exciting, yet stressful, all at once.  Where do you start?

 

It is essential you do your homework before you begin.  Learn from the experiences of others, do some research.  Of course, with s ...

Federal Government Changes to Mortgage Lending

June 27th, 2012

The Federal Government has announced action to restrict mortgage credit. Beginning July 9, 2012 the new mortgage rules will take affect.  The new measures include:

  • The maximum amortization on a prime mortgage will be reduced from 30 to 25 years.
  • Mortgage insurance will not be provided for properties valued over $1 million.
  • Refinancing has been lowere ...