Mortgage Insurance Costs Up Again
This past spring we saw mortgage insurance rated go up again. That’s the third increase in three years! Wow. But what does this mean for prospective homeowners and local real estate investors? Let’s find out.
New Downpayment Rules Kick In
Late last year our finance minister decided to make some changes for the mortgage industry. The new downpayment rule states that if a person wishes to put the minimum amount into a property. Then they must pay 5% for the…