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February 2016

Found 1 blog entry for February 2016.

The other day I had the opportunity to sit down with Karen Wamboldt, account manager with Genworth Financial.  For those of you who aren't aware, Genworth is one of the companies responsible for insuring high ratio mortgages, a mortgage where a buyer is putting less than 20% down.  Their message was that for the most part, its business as usual when it comes approving their clients in Alberta and Fort McMurray. Our market has obviously changed a lot in recent times and with that a few restrictions have come into play, such as their ability to use overtime hours as income for an application.  They look at each file individually to assess its strengths and weaknesses before making a decision of whether or not to approve the mortgage.  It's should also

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