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Big News for GTA Home Buyers! Mortgage Insurance Cap Raised to $1.5 Million

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Manage episode 464137974 series 2364153
Content provided by Walter Monteiro. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Walter Monteiro or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Hi, it’s Walter Monteiro from The Maximum Results Team! 🚀 Starting December 15, the insured mortgage cap is increasing from $1 million to $1.5 million, allowing buyers to purchase homes up to $1.5 million with a lower down payment requirement: 5% on the first $500,000 and 10% on the remainder. 🏡✨

This is a big opportunity for buyers in high-priced areas like the GTA! 🌆 However, only around 10-15% of buyers will qualify at this level, as lender income and stress test requirements remain in place. If you’re looking to buy in this price range, reach out to discuss your options and take advantage of the new cap! 📞💬

Thank you for watching! 🙏 Let us help you with your real estate and mortgage needs. We serve the Cambridge, Kitchener, Waterloo, Guelph, and Brantford areas. 🌟 Check out our website at 👉 www.maximumresults.ca.

  continue reading

184 episodes

Artwork
iconShare
 
Manage episode 464137974 series 2364153
Content provided by Walter Monteiro. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Walter Monteiro or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Hi, it’s Walter Monteiro from The Maximum Results Team! 🚀 Starting December 15, the insured mortgage cap is increasing from $1 million to $1.5 million, allowing buyers to purchase homes up to $1.5 million with a lower down payment requirement: 5% on the first $500,000 and 10% on the remainder. 🏡✨

This is a big opportunity for buyers in high-priced areas like the GTA! 🌆 However, only around 10-15% of buyers will qualify at this level, as lender income and stress test requirements remain in place. If you’re looking to buy in this price range, reach out to discuss your options and take advantage of the new cap! 📞💬

Thank you for watching! 🙏 Let us help you with your real estate and mortgage needs. We serve the Cambridge, Kitchener, Waterloo, Guelph, and Brantford areas. 🌟 Check out our website at 👉 www.maximumresults.ca.

  continue reading

184 episodes

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