CTV News - Mortgage Minute
Mortgage Broker Frank Napolitano stops by CTV to talk to Kurt Stoodley about first time home buyers and the effects the newly implemented mortgage regulations are having.
Click here for the full video from CTV.
The holidays are fast approaching, and in the season of giving to others, many may forget to give back to themselves as well. Taking the time to sit down and review your finances can be an excellent way to give yourself an early Christmas present. Post-holiday bills can be a source of stress, so what better time to review the interest rates you are paying on credit cards and consider opening a lower-interest line of credit?
On this week's Mortgage Minute, Frank and Kurt also take the time to talk about the effects of reducing the maximum amortization period from 30 to 25 years on insured mortgages. They also discuss the many benefits that are still available to first time home buyers, such as the $2,000 land transfer tax rebate and the RRSP Home Buyer's Plan.
For more information about any of these programs, contact an Ottawa Mortgage Broker.