We had a fun-filled weekend.
We enjoyed a night out at Stage West Theatre. It's a must-see. They are currently featuring 'Motown Gold: A Musical Revue'. It was great food and excellent entertainment.
http://www.stagewestcalgary.com/
We then bought last minute ticket for Calgary Philharmonic Orchestra to see 'Wizard of Oz in Concert'. It was so good. We watched the movie as the CPO provided the live soundtrack . I even saw a little girl dressed up as Dorothy with the shiny red shoes.
http://www.cpo-live.com/main/index.php
We ended the weekend on Sunday stopping at the Home Expo Show at the Stampede Grounds. I was sad that I missed Tommy Symth's presentations. But it was an event full of great information.
Finance Minister, Jim Flaherty announced yet ANOTHER change to the mortgage lending rules. Here's the summary of the changes:
. Max 30 year amortization on insured mortgages (ie. less than 20% downpayment)
. Max 85% limit on any insured refinance mortgage
. eliminate government insurance on secured Line of Credit
The change will take affect on March 18, 2011.
http://www.financialpost.com/personal-finance/Flaherty+tightens+mortgage+rules/4119505/story.html#ixzz1BIhkDuhh
This will affect a lot of buyers.
If you are thinking of buying a home, you need to ACT NOW before the rule kicks in.
"The lower amortization limit, for example, reduces the purchasing power by roughly $25,000 for well-qualified homeowners with no debt, a 4% mortgage, and $60,000 in income."
Please contact me today and find out what is the maximum amount you can qualify for!
I am available 7 days a week to discuss your mortgage needs.
Have a great week ahead.
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