Canada’s regulations in the housing sector have saved us from the mistakes of other countries and helped us thru the recession; to build on that strength, new measures are taking effect March 18, 2011:
1) Maximum amortization on new government-backed insured mortgages reduces from 35 to 30 years.
2) Maximum amount to borrow when refinancing mortgages reduces from 90 to 85% of the value of home
Here is the full Press Release
Many Canadian home buyers end up paying too much on their mortgage because they didn’t have the time to sort through the maze of options and features available in today’s mortgage marketplace.
Instead, let us do the work for you and take advantage of our expert knowledge to make an informed mortgage choice and obtain lower than advertised interest rates.
With no fees to you, Ronin Mortgage gives you one stop convenience and the power of professional negotiating expertise when we shop for your mortgage.
We’ll take the time to explain the various rates, latest options, terms and conditions in language that’s easy to understand. We’ll help you look at how these choices can help you in meeting your financial and mortgage goals.
Refinancing, whether it be a relatively straight forward refinance of your existing mortgage balance, or utilizing your Home Equity for any other purpose desired, is a strategic financial decision that requires the assistance of a mortgage expert to get you the best deal. Whether you want to:
Ronin Mortgage can point you in the right direction and connect you with your desired end result!
When Renewing Your Mortgage, it is likely that your current lending institution will offer you a rate that is not the best one available in the marketplace. You are in a strong bargaining position, and by joining forces with Ronin Mortgage you can obtain a rate and product that suits you and your situation.
This is the time when your equity grows substantially, from decreasing your principal loan balance combined with appreciating home values. Over 70% of mortgage holders just sign their current lender’s renewal form resulting in a higher rate and product that no longer fit their financial goals. There are a lot of lenders who want your business – we can find the one most suitable for you.
We were really impressed with Gary and the entire staff at Ronin Mortgage. They were very professional and we highly recommend them to others.Member of the Mortgage Brokers Association of BC (MBABC)
Discover the advantage of working with an Accredited Mortgage Professional. Learn more...
