TimLacroix
05-05-2014, 05:59 PM
Original Post - CMHC to Restrict insuring second homes and self-employed (non traditional down payments) (http://forums.beyond.ca/st/381610/cmhc-to-limit-mortgage-insurance-product-offerings/)
Genworth Canada and Canada Guaranty have decided NOT to follow in CMHC’s footsteps and change their programs for self-employed buyers... But is this only a temporary move?
Genworth Canada and Canada Guaranty, howevever, have made one amendment to its vacation and secondary home programs.
“Effective May 30, 2014, the maximum number of units allowable under the Vacation/Secondary Home Program will be reduced from two units to one unit."
Genworth Canada and Canada Guaranty have decided NOT to follow in CMHC’s footsteps and change their programs for self-employed buyers... But is this only a temporary move?
Genworth Canada and Canada Guaranty, howevever, have made one amendment to its vacation and secondary home programs.
“Effective May 30, 2014, the maximum number of units allowable under the Vacation/Secondary Home Program will be reduced from two units to one unit."