Learn About New Mortgage Reforms with Velocity Mortgages

As Canada introduces significant mortgage reforms, Velocity Mortgages is ready to help you navigate these changes effectively. The recent announcement by the federal government outlines an expansion in the eligibility for 30-year amortizations and an increase in the price cap for insured mortgages to $1.5 million, both aimed at making homeownership more accessible.

Key Changes and How They Benefit You:

• Extended Amortizations: The extension of 30-year mortgage terms is now available to all first-time buyers and purchasers of new builds. This adjustment means lower monthly payments, making it easier for new entrants into the housing market to manage their finances.

• Increased Price Cap: Raising the limit for insured mortgages to $1.5 million opens up more opportunities in real estate markets that were previously beyond reach for many due to financial constraints.

At Velocity Mortgages, we specialize in both traditional and private lending solutions. Our expertise ensures that whether you’re taking advantage of these new government reforms or looking for alternative financing options, we have the tools and knowledge to support your homeownership goals.

We understand that purchasing a home is a significant decision, and our team is committed to providing personalized guidance every step of the way. From exploring the best mortgage options under the new rules to understanding how to leverage these changes for your benefit, we’re here to ensure a smooth and successful mortgage process.

Get in Touch:

To learn more about how these new mortgage reforms can work for you, or to discuss your specific needs, visit our website or contact us directly. Let Velocity Mortgages help you make informed decisions that lead to successful homeownership.

Contact Us:

• Website: velocitymortgages.com

• Email: velocity@centum.ca

• Phone: (780) 457-8808