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September XXVIIth, MMXIX
Hon. Adriana LaGrange, MLA, Minister of Education, United Conservative, Red Deer-North
Dear Adriana:
Here at the Alberta Urban Municipalities Association (AUMA) Convention I find the talk about the Hon. Andy Scheer, PC, Conservative Party Of Canada Leader & Conservative Candidate, Regina-Qu'Appelle amongst some delegates & the Tory plan to bring back 30 year mortgages interesting. Whilst Liberal Party Of/De Canada Leader & Papineau Candidate the Rt. Hon. Justin Trudeau, PC & his party are sticking with the current 25 year maximum. These delegates are real estate agents & mostly very receptive to this adjustment to the 3 decade mortgage plan as it gives homeowners & businesses more breathing room to use the monies for other improvements into their properties, thus letting them get more income at a quicker rate so as to pay their mortgages down faster. Which is clearly a "win, win" for both the the borrower & the lender such as a financial institution or mortgage broker.
As I have no real estate background I do find it interesting that some of the agents here are proposing 27.5 year mortgages, or the halfway point betwixt 25 & 30 years. Very intriguing indeed, as others are suggesting 32.5 & even 35 year mortgages. This is interesting as it will certainly provide for financing & banking jobs for Canadians.
"MoneyTalks With Michael Campbell" Is A Great Show,
Rory
Source: Www.Auma.Ca
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