YES! :
YES! Here’s Why:
Store manager study
Decisions Action are the secret to success
What just happened? :
What just happened? After loosening the guidelines a few years ago – the government is now pulling them back
In the height of Canadian lending (around 2007)
Maximum Amortization: 40 years
Maximum Refinance: 95% of the property value
Today
Maximum Amortization: 30 years
Maximum Refinance: 85% of the property value
ISN’T IT BETTER THAT IT WAS GREAT FOR A WHILE? :
ISN’T IT BETTER THAT IT WAS GREAT FOR A WHILE?
In Conclusion :
In Conclusion I think the market would have been better off in the long run, had the lending guidelines not been tampered with, because:
People would have had more consistency in the market to base their decisions on
Thank you! :
Thank you! Trevor Hickey, B.A.
Mortgage Associate
Concord Mortgage Group Ltd.
#107 - 1905 Centre Street NW
Calgary, Alberta
T2E 2S7
Bus: (403) 290-1990
Cell: (403) 860-8738
Fax: 1-888-587-1426
Email: trevor@concordmortgage.ca
Website: www.mortgagebrokercalgary.info