The Goodfellow & Goodfellow & Lind Blog

Understanding Amortization {Winnipeg Real Estate}

(July 16, 2012, posted in News)

As of July 9th, the new mortgage rules came into effect. You’ve probably heard the one argument, stating that this reduction from 30 years to 25 years can make it harder on first-time home buyers to enter the market. But have you heard the other side? A shorter amortization may actually save you tens of thousands of dollars in the long run. As a former mortgage banker and mortgage broker trainer... read more.

How Will the Upcoming Mortgage Changes Affect You? 

(June 22, 2012, posted in News)

With the new mortgage rules announced yesterday, you may be wondering how the changes will affect you. There were four main changes announced by the Government.

The first change, one that may affect the most homebuyers, is an amendment to amortization periods. As of July 9, 2012 the maximum amortization period will be reduced from the current 30 years to 25 years. The government hopes that by decre... read more.