Good News For BUYERS!!!
April 23rd, 2007Mortgage insurance changes will help buyers
MICHAEL KANE, Vancouver Sun
Published: Monday, April 23, 2007
Ottawa is reducing the cost of home buying by raising the threshold for compulsory mortgage insurance.
An amendment to the Bank Act allows borrowers to access conventional financing with a 20-per-cent down payment.
Previously home buyers were required to make a down payment of at ...
