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Major Mortgage Insurance Changes: Making Your Dream Home More Accessible!

Dear valued clients!

We're thrilled to share exciting news that could revolutionize your home-buying journey! Starting December 15th, new mortgage insurance rules are coming into effect, opening up incredible opportunities for you! 🎉

📌 What's New?

Extended 30-Year Amortization:

Buying a newly built property? You can now get an insured mortgage with a 30-year amortization!

First-time home buyer? The 30-year amortization option is available for you too

Key point: Only one applicant needs to be a first-time buyer to qualify

Purchase Price Increase:

You can now buy a property worth up to $1.5M with an insured mortgage

Down payment remains the same: 5% for the first $500K and 10% of the remaining amount

💡What This Means for You:

Lower monthly payments

More property options to choose from

More accessible conditions for first-time buyers

🤝 IK Financial Team is Here to Help!

Have questions? Want to know how these changes could benefit your specific situation? Connect with our experts – we'll help you navigate all the details and find the perfect solution for your needs.

📞 tel:+16472441371

✉️ team@ikfinancial.com

🌐 www.ikfinancial.com

Together, we'll turn your dream of homeownership into reality!

IK Financial Mortgage Team operates on behalf of Mortgage Edge. Lic#10680

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