Hey everyone!
I hope you had another great weekend in the capital! There was so much going on all over. So many charity events, so many community events, I just love this city! I was volunteering at the CHEO BBQ, where we were able to help raise $65,000 for CHEO as well as provide the people with an incredible volleyball and ultimate frisbee tournament. I was also able to catch a free concert at Westfest on Friday night and go to the street vendors on the Sunday after I watched the 1-1 draw between Spain and Italy on Preston street during Italian Week.
Please watch and share my video this week where we are looking at the Office of the Superintendent of Financial Institution’s letter to the major banks regarding mortgage rule changes coming in the future. The two main ones in last Wednesday’s letter were that there will be no re-qualifications upon mortgage renewal as well as decreasing the LTV (Loan to Value) for HELOCs (Home Equity Lines of Credit) from 80% to 65%. Ask me more about these changes.
I also go over new statistics that have just been released. I cannot wait to get more information out to you. I have several interviews to post as well!
I hope you enjoy and please ask me any questions at nick@mortgageinottawa.com or call me at 613-294-4475.
Have a great day!
[youtube]http://www.youtube.com/watch?v=kilEJp2CVsg[/youtube]
