New Mortgage Rules Explained

If you haven’t already heard, there are new rules in place for anyone trying to get a new mortgage in Canada.

I had a chance this week to catch-up with Michael King from BMO Bank Of Montreal. Michael is a Mortgage Specialist, and explained how the new mortgage rules will effect securing a new mortgage now, and how it could affect things in the future.

Can you explain the new rules? 

Does it affect everyone?

How does it affect anyone getting a new mortgage?

Do you feel that interest rates will be going higher?

With Donald Trump as the new President, there will be changes in the states. Will we see the trends in Canada follow what they’re doing?

I hear that BMO Bank Of Montreal has a new promotion on right now?

If you would like more information about getting a new mortgage or the new rules, contact Michael today!