fbpx

CMHC

Is 30-year amortization for First-time Homebuyers helpful?

Starting August 1st,  30-year amortization for FTHBs for insured mortgages (less than 20%) will kick in. If you don’t know, 30-year amortization is available for uninsured mortgages only, or in other words if you put 20% or more down. Excited? Well, the devil is in the details First, CMHC has announced recently to increase its premium by 20 basis points. Again, if you dont know, if you...

Compare listings

Compare