Shorter amortization better in the long run As of October 15th, 40-year mortgages with no money down will no longer be covered through the federal government insurance program administered by Canada Mortgage and Housing (CMHC). Instead, the longest amortization
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On Oct 15,2008, any mortgages that are government backed may impact you. No more 100% financing. On Oct 15, purchasers must have at least 5% down TDS Ratio (total debt to service ratio) Before that meant that all your debt obligations including mortgage,
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