- Posts tagged ammortization period
- Explore ammortization period on posterous
Flaherty tightens mortgage lending...
What does this mean to you in a nutshell? 1.--> 1st time buyers will need more income to qualify because you need to be able to qualify for a 5 year term loan instead of lower interest variable loan. 2.--> Home sellers, expect prices to cool down and drop later this year because few buyers will qualify for loans and this will drive down demand. Finally --> if you contemplating making a move... I don't need to tell you, the time to sell is "now". HST and tightening funds will have a double impact on those on the borderline of qualification and those who invest on speculation, resulting in fewer buyers for your home and lowering prices.
