CMHC making new changes for self-employed borrowers

By: Robert Clancy General News

Hi All,

Here is a great article I came across on how CMHC is working towards making more lenient regulations for qualifying self employed and New to Canada borrowers. Read the article by clicking on the link below.

http://www.mortgagebrokernews.ca/business-news/cmhc-explores-cutting-red-tape-for-self-employed-borrowers-231803.aspx

Enjoy the read; Please do not no hesitate to reach out for any mortgage inquiries.

Cheers !

Robert Clancy
Residential and Commercial Mortgage Agent
————————————————-
SAFEBRIDGE Financial Group
Broker License #10524
Direct Line | 416-899-1467
Fax | 1866 385-4049
E-mail | robert@safebridgefinancial.com

Today’s Interest Rates

In todays Mortgage Financing Market mortgage rates are changing constantly. Today mortgages rates are based on so many different variables, it is impossible for an adviser to give a true rate quote without actually reviewing the borrower’s application first.

Click Here to read more.

BANK RATES	TERM	OUR RATES
3.89	1-YEAR	3.04
3.89	2-YEAR	2.89
3.39	3-YEAR	2.89
3.89	4-YEAR	2.89
5.34	5-YEAR	2.54
6.00	7-YEAR	3.95
6.10	10-YEAR	3.95
5.34	Variable (3yr-closed)	3.30
5.34	Variable (5yr-closed)	2.95
5.34	Variable(Open)	4.45

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