new mortgage rules: NEW CANADIAN MORTGAGE RULES....A BAD THING?
- 01/17/11 02:24 PM
As most of you probably came across this morning in the globe and mail or some other new source, there will be a few changes to Canadian mortgage rules. I find people generally tend to react negatively to change in these types of systems, however I personally feel this could be a positive change. First off, in case werent aware of the changes that will commence in 60 days from now, here they are: -The minimum amortization periods will now be 30 years as opposed to 35 years -The maximum amount you can borrow in refinancing your home will be 85% … (3 comments)
As most of you probably came across this morning in the globe and mail or some other new source, there will be a few changes to Canadian mortgage rules. I find people generally tend to react negatively to change in these types of systems, however I personally feel this could be a positive change.
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