January 2011
4 posts
1 tag
New Mortgage Rules
Deadline March 18, 2011 Hi Everyone, A quick news recap for you - you may have seen my video blogs going in depth on each of the items which were affected by the previous weeks New Mortgage Rules annoucement. For those of you who aren’t sure what those mortgage rules were, or where to find the information from the Finance Minister or CMHC, I’ll recap it all here. Details in the...
1 tag
BC Property Assessment
Your Assessment, FAQ and Information on Appeals Individual Tax Notices have been mailed out to homeowners already! The B.C. Assessment Authority has completed its 2011 Assessment Roll for properties. Deadline to File for Review 31st January 2011 If you have concerns regarding your assessment you can find more information at the BC Assessment Authority – or contact your realtor and mortgage...
2 tags
CMHC Rule Changes - Home Equity Line of Credit
Theresa’s Soap Box – CMHC Rule Changes – Home Equity Line of Credit Today we’re here to talk about home equity lines of credit and the new CMHC changes announced earlier this week. A home equity credit is a credit line, think of something similar to your credit card, but secured to your property. What this means is that you can borrow a very large sum of money because your property itself is...
2 tags
CMHC Rule Changes - Item 1 Shorter Amortization...
Theresa’s Soap Box | SMP Online Today we’re going to talk about the CMHC mortgage rule changes which were announced yesterday. The first item on the list was amortization periods. For higher ratio mortgages the maximum amortization you use to be able to get 35 years mortgages, and now they are going to limit down to 30 year mortgages. So we thought we’d break this down for you guys and let you...