tanyalarose@live.com 306-380-7325
REALTOR®

msn

REMINDER: Buyer's Deadline
(Yes, another one!)

Get your mortgage approval in place and take possession prior to AUGUST 1/2017 and you will save additional PST cost if you plan on putting less than 20% as a down payment.

If your possession date is on or after August 1/2017 there will be a 6% PST charge on your CMHC, GE or Canada Guaranty premium.

Example:

Purchase $450,000.00

Minimum 5% downpayment $22,500.00

=$427,500.00

+CMHC premium $17,100.00 (4% surcharge/minimum 5% down)

=Total mortgage $444,600.00

*TOTAL PST required at lawyers office payable=$1026.00 (6% of the CMHC premium)

This PST cannot be financed as part of the mortgage.
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