View Single Post
Old 02-08-2016, 11:01 AM   #5
Mortgage Made Easy
Scoring Winger
 
Mortgage Made Easy's Avatar
 
Join Date: Sep 2014
Location: Calgary, AB
Exp:
Default

Quote:
Originally Posted by pseudoreality View Post
I'll be listing my house in the sub 500 range this spring. I wonder if this change will have any physiological affect on that market? I know it's a stepped system, so there's little difference between 500 and say 520, but it is still in people's head.
Very little difference between the 2 prices and I doubt this will affect majority of home buyers.

The down payment minimum for the $520,000 purchase is an extra $1,000 more after Feb 15, 2016 ($27,000 instead of previously being $26,000).
__________________
Thanks,
Tim Lacroix | 403-648-1541
Mortgage. Made Easy Experts
Mortgage Connect
www.TimLacroix.com

If you have any questions please feel free to PM me or email forums@timlacroix.com

Click here to View current Mortgage Rates

Mortgage Made Easy is offline   Reply With Quote