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Stated Income Rental Purchase For Self-Employed Is Back

06MAR
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Posted 5 Year Rate Confirmed As New Qualifying Rate

It has now been confirmed that the new qualifying rate, effective April 19, 2010, for all CMHC insured mortgages will be as follows: The greater of the chartered bank’s posted 5 year term rate or the contract rate. This will apply to all variable rate mortgages and for fixed rate terms under 5 years. We were
- Posted by Wayne Mah
- Bank of Canada
- First-Time Buyers
- Market Update
- Mortgage Rates
- Opinion
- Refinance or Renewals
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03MAR
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Great Variable Rate Mortgage Strategy

Despite the low fixed rate mortgages available there are still many people asking for variable rate products. Most of the time they ask what the best rate for a variable is. In majority of the cases this would be a variable rate closed mortgage. However, I have been suggesting they take the variable rate OPEN
- Posted by Wayne Mah
- Bank of Canada
- Mortgage Rates
- Opinion
- Save Money With Your Mortgage
- Video
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02MAR
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BC Budget 2010 Homeowner Changes

The British Columbia introduced the new Provincial budget today and it included some minor changes/benefits for homeowners. They are as follows: 1. Rural BC (outside Lower Mainland, Fraser Valley, and Capital Regional Districts) residents get an extra $200 off in addition to the normal homeowners grant for their property taxes. 2. Families with children under
- Posted by Wayne Mah
- Market Update
- Real Estate
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