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Unlocking FHSA Benefits for Your First Home

Dreaming of homeownership? A First Home Savings Account (FHSA) might be the key to turning that dream into reality. FHSAs are a unique financial tool designed to assist individuals in saving specifically for their first home. In this comprehensive guide, we’ll explore the ins and outs of FHSAs, from what they are to how they […]

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Mortgage Oakville

How This New Mortgage Rule Could Affect You

On July 1, 2020, Canada Mortgage Housing Corporation (CMHC) increased it’s minimum required beacon scores for applicants from six hundred to six hundred and eighty. However, co-applicants now have no minimum beacon score. Moreover, the corporation has decreased its maximum GDS/TDS ratios to 35/42, respectively. CMHC made this change to prevent a housing bubble as

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