Starting today, December 15th, two exciting changes are here to make homeownership more accessible for those with less than a 20% down payment:

1. 30 Year Amortization for Resale Properties: Previously available only for new builds, now you can opt for extended 30-year amortization on resale properties too! It helps to qualify for higher purchase price and have lower monthly payments.
2. Purchase Price Limit Increased:
   The maximum property price has been raised to $1.5M (from $1M).

These updates open up more opportunities to find your dream home with flexibility in repayment and higher price options!

Let me help you navigate these changes and secure the right mortgage for your needs. Get in touch today!