NEW! 30 Year Amortization Available for Some First Time Homebuyers
Posted by: Jenn Locke
Effective TODAY, August 1st 2024, First Time Homebuyers (FTHB) purchasing a newly built property and who meet the FTHB criteria, have the option of a 30 year Amortization (AM) for insured mortgages. Previously, the maximum AM was 25 years for insured mortgages. WHAT DOES THIS ACTUALLY MEAN? If you are buying a new construction home […]
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