Blog by Kevin Sing

Rate Alert

July 14th, 2012
Rate Alert!! 5 years Fixed Rate - 2.99% - 60 Day Short Closing  From RBC
**PLEASE NOTE: This is a Short Closing Special.  An Accepted Offer in hand Completing within 60 days would be best case scenario.

Did you know that 30 Year Amortization is still available to those who are not Default Insured?
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Posted in Mortgages

New Government Regulations for Mortgages Clarified

February 3rd, 2011
  1. Purchasers will require an accepted offer to purchase in their hands dated no later than March 18, 2011 to qualify under the current rules to keep the 35 year amortization.
  2. The purchase of the new property must complete within 90 days of March 18, 2011 to keep the 'old' terms  (35 year amortization)
  3. The exception is builder's projects or construction of single family dwellings where we can h ...
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Posted in Mortgages

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