Jim Flaherty announced changes to mortgage rules in Canada on February 16th, 2010 which are to take effect on April 19th, 2010. Here is a list of the changes: Borrowers will be tested on their ability to make payments on a five year fixed-rate mortgage, even though they may choose different terms (e.g. a three year variable mortgage). Currently borrowers are tested against a three year fixed rate mortgage. This means people will qualify for lower maximum mortgage amounts. This will protect people from taking out larger mortgages than they can really afford. What some people are doing is opting for variable mortgages (with lower payments) and this exposes them to the...
Read MoreBeautiful Daniela is back again! This time she is writing about Affordable Renovation Finishes. If you would like to secure her services, don’t be afraid to email her by clicking here. It looks like Daniela will be writing articles regularly in the future for WhereDoesAllMyMoneyGo.com since she has been so popular. Welcome aboard D! :) Over the years and after hundreds of clients, I know first hand that the idea of a renovation can bring on a whole slew of emotions. But, you too can have a stress free renovation if you go into it with a realistic budget, a plan of action and an informed decision. When it comes to finishes in particular, you want to look for those...
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