Manjit Mortgages

New announcement

Starting August 1st, the Canadian government is extending amortization periods to 30 years for insured mortgages on newly built homes. This move aims to enhance affordability and promote construction in our thriving housing market.

In addition, first-time homebuyers will now be able to withdraw up to $60,000 from their RRSPs to put towards their dream home. Plus, there's good news for those who make withdrawals between Jan. 1, 2022, and Dec. 31, 2025 – repayment timelines have been extended to up to five years, providing more flexibility and peace of mind.

At TCG Lending Centres, we're here to guide you through these changes and help you navigate the path to homeownership with confidence. Whether you're exploring mortgage options or planning your repayment strategy, our team is dedicated to supporting you every step of the way. Let's turn your homeownership dreams into reality! ✨

M15 - Renewal

Thinking about your mortgage?
Here's a tip: You may be able to renegotiate your mortgage agreement for a better deal!

Here's how it could help you:
• Convert from a variable to a fixed interest rate to improve financial stability
• Take advantage of lower interest rates if they're going down

Reach out to us to explore your options when interest rates change. Remember, managing your mortgage wisely can lead to more financial flexibility and peace of mind.