CHMC Announces Changes to Underwriting Criteria
Posted by: Jenni MacDonald
On June 4, 2020, CMHC announced that they were tightening the underwriting policies for insured mortgages. This means that if you have less than 20% down payment on the purchase of a new home, the rules will make it harder to qualify and you will qualify for less financing than before July 1, 2020. The […]
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