Episode 14 - How Will the Federal Government Mortgage Changes Effective on Dec 15, 2024 Affect You?

In this episode of the Asian Connection Mortgage Podcast, I explore recent mortgage rule updates in Canada that could significantly impact buyers and homeowners. From changes to stress tests on renewals to new amortization options and increases in insured mortgage purchase price limits, I’ll explain what these updates mean for you and how they could shape the housing market. What You’ll Discover: How does the removal of the stress test for renewal mortgages impact your borrowing power? What does the increase in insured mortgage purchase price limit mean for buyers in high-priced markets? How can first-time buyers and new home buyers benefit from 30-year amortizations? What are the key questions you should ask to navigate these changes effectively? Tune in for actionable advice and a deeper understanding of these changes. Let’s navigate the path to homeownership together. Connect with me: Email: john@arisemortgage.ca Website: arisemortgage.ca Instagram: @johnleearisemortgage Contact Number: 604-722-8404 ★☆★ NEED MORTGAGE ADVICE? ★☆★ Book an appointment with John Lee of Arise Mortgage: https://10to8.com/book/lnsouccutnajszhensjar-free/ ★☆★BONUS FOR A LIMITED TIME★☆★ You can download "The Ultimate Mortgage Guide" by John Lee here: https://mailchi.mp/16b642ce2eda/theultimatemortgageguide John Lee, a Mortgage Broker based in Canada, shares ways to be approved for a mortgage, home buying tips, and other mortgage-related stuff. If you're considering purchasing a home or refinancing your existing property, make sure to subscribe for helpful content-rich videos. He is a licensed Mortgage Broker, author of The Ultimate Mortgage Guide, and the President and CEO of Arise Mortgage. He's been in the financial and real estate industry since 2006. Before becoming a Mortgage broker, he worked at various big banks and a real estate company that involves property management and large real estate acquisitions. He has helped hundreds of families with a mortgage and one of the most fulfilling parts of my job is working with first time home buyers and securing their dream home. If you have any questions or would like to connect with me, below is John's contact info: 604-722-8404 john@arisemortgage.ca Thanks for watching! ★☆★ CONNECT WITH JOHN ON SOCIAL MEDIA ★☆★ Website: https://AriseMortgage.ca Blog: https://arisemortgage.ca/vancouver-mortgage-blog Facebook: https://facebook.com/JohnLeeMortgageBroker Instagram: https://instagram.com/johnleearisemortgage Linkedin: https://linkedin.com/in/johnyhlee