Pass the Buck

It has been one year since mortgage lending guidelines were tightened in Canada and it appears that the real estate market is still going strong. The new rules last year shortened amortizations to 25 years and restricted refinances to homes with over 20% equity in them. At the end of the day, everyone needs somewhere to live and if you can pay your own mortgage, rather than someone else's, you are bound to get ahead more quickly. Getting pre-approved takes only moments and you may be surprised at what you qualify for. "Real estate is at the core of almost every business, and it's certainly at the core of most people's wealth. In order to build your wealth and improve your business smarts, you need to know about real estate." DONALD TRUMP, Think Like a Billionaire If you have mortgage questions, please call me. My services are complimentary and I am happy to help!