Welcome to Calgary Mortgage Talk

Welcome,
Do you need information on mortgages? Mortgages have changed so much over the past few years. Even within the past few months new products have been introduced.
As housing prices have gone up in the province of Ablerta, lenders have been searching for ways to make home buying affordable.
In March CMHC introduced 30 year insured mortgages. A few days later, their competition, Genworth Financial introduced 30 and 35 year mortgages. On a typical $200,000 mortgage the monthly savings would come out to about $250. This made affordable housing a possiblility for many.
In May, GE Money introduced a 40 year amortized mortgage. Wow !!
If you want more up to date information visit my website at:
http://mortgagealliance.ca/davidcooke