It seems that no matter who the client, what the clients financial situation, or how much money the client has to put down. Extended Amortization and it’s pros and cons are heavily discussed throughout the process in setting up a new mortgage in today’s market.
Back in Aug I had the opportunity to speak about this on our weekly radio spot on Radio Real Estate. I touched on why, in my opinion extended amortizations where first brought into Canada by CMHC and Genworth and why so many of today’s clients are taking them. Please click on the listen now link below to hear the spot. Radio Real Estate airs every Saturday at 11am on Talk 1410 .
I’m looking forward to your comments.