YOUR CANADIAN MORTGAGE BROKER

November 2, 2009

Changes to FirstLine Mortgage

MyMortgage.ca Informs: Changes to FirstLine Mortgage

FirstLine Policy Updates:

Private Sales- Private Sales no longer have to be insured HOWEVER this will be at the FirstLine mortgage underwriters discretion based on the strength of the application and property.

Additional new guidelines (proof of client identity and details regarding how how the mortgage associate and client know one another) are put into place to protect  mortgage associates and the client and FirstLine against fraudulent activity.

Find out more by contacting a mortgage associate at MyMortgage.ca.


BREAKING NEWS

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January 17, 2012
Ottawa -

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

October 25, 2011
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
September 14, 2011
A surprising number of brokers are echoing the sentiments of a leading bank economist, suggesting the government would and should  ratchet down mortgage rules yet again – but only if consumer debt levels creep back up and only if they’re phased in.
April 12, 2011

OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

www.mymortgage.ca

PHONE: 1.866.509.1090
FAX: 1.866.392.3672

Head Office
Unit 207, 4603 Varsity Drive NW

Calgary, AB. T3A 2V7

Canadian
Mortgage Rates

Term Rate (%)


as of Feb 7, 2012

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