2 HUGE changes to the mortgage market that may affect you
Both announced in the last 2 weeks, there are 2 BIG changes coming up in the Real Estate, and moreso, mortgage arena that will affect many people both buying and selling real estate.
CHANGE #1- Property Transfer Tax (PTT) threshold increased from $425,000-$450,000 to $475,000-$500,000
What this means for Buyers- Under the old rules, if you were to purchase a home above the $450,000 mark as a first time home buyer, you would...