BREAKING NEWS!! Updates to CMHC Insured Mortgages & Why There’s No Need to Panic
General 4 Jun
The CMHC just released its new underwriting criteria effective July 1st for those purchasing with less than 20% down. The minimum credit score will increase to 680 from the previous 600 Borrowing ratios of income percentage will tighten up a bit They will not allow borrowed down payments ie. Lines of Credit, credit cards Maximum gross […]
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