Two HUGE Announcements

There are 2 huge announcements this week. The first is that, effective May 30th, CMHC has cut 2 significant programs. No longer will self-employed borrowers be able to use stated income, they will have to provide third party income validation. Also, CMHC has eliminated the second home program which allows Canadians to purchase a second home. Although these products account for less than 3% of CMHC's insured business, this is still a major change for some borrowers. In happier news, I have a HUGE announcement to make. I am absolutely thrilled to announce that I have moved offices and am now a part of the Langley based Dominion Lending Centres office called the Mortgage Negotiators. Most of my clients are in the Langley area and I am happy to have moved my license home. Absolutely nothing with my business is changing and I will continue to be available anytime for all of your mortgage needs. My contact information will remain the same and I want to thank the team at the Mortgage Negotiators for welcoming me with open arms. If you are looking for advise about a new or current mortgage, please call me today!