As of October 16, 2008, the 100% financing and 40 year amortization options were no longer available to customers seeking an insured mortgage as announced by the federal government during the summer. CMHC and GENWORTH cancelled these programs and lenders dropped them (starting well in advance of the deadline) from their product lines.
RMA-Spencer Group Mortgages realizes that some of you may need these features to get through a temporary life event that has limited your financing options. Job loss, income interruption due to maternity leave, illness and bankruptcy or other credit problems are all examples of short-term problems that we can help you overcome.
RMA-Spencer Group Mortgages is happy to announce their clients still have access to one of the few remaining lenders offering these products.
Let RMA-Spencer Group Mortgages help keep all your alternatives for mortgage financing options open. As a reminder, we still offer:
- 100% advance with minimum beacon score requirement *
- up to 40 year amortization with no added *
- financing for beacon scores as low as 540 *
- liberal property guidelines *
- various "Business-For-Self" programs *
Whether you are seeking to purchase, or refinance, contact RMA-Spencer Group Mortgages and let them help secure the financing you need.
To find out more about these programs and how they might benefit you, email marshall@spencergroupmortgages.ca or visit RMA-Spencer Group Mortgages on the web.
*Lender qualifications required - offers available on approved credit, programs subject to change or cancellation without notice
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