Mortgage Updates You Need to Know
RealEstateTaxTips RealEstateTaxTips
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 Published On Oct 10, 2024

Have you heard the latest mortgage news? 🤔 The government is making big changes to stress tests and home equity lines of credit (HELOCs)! In this video, Dalia breaks down these updates and explains everything you need to know about advanceable mortgages.
What are advanceable mortgages? How do they work with HELOCs? And how can you use them strategically to achieve your financial goals? Dalia answers all these questions and more, providing valuable insights and expert advice.
Have questions or want to discuss your specific situation? Contact Dalia directly:
Website: https://streetwisemortgages.com/
Email: [email protected]


Key Moments In This Episode
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00:00 Recent Mortgage News & Changes
02:22 Introduction to Advanceable Mortgages
04:52 Limiting Debt Recycling
07:35 New Rules for Principal Payments
10:04 Credit Line Increase Limits
12:31 Restructuring for Flexibility
14:48 Paying Down Mortgage Components
17:13 Pairing Mortgages with Lines of Credit
19:25 Strategic Financing Planning

If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.

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Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].

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DISCLAIMER:

Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
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