Thursday, 21 June 2012
Important Announcement - Mortgage Rule Change
At 8:15am this morning Mr Flaherty made the attached announcement so please read this as you are likely to get questions about it today. These changes only impact insured mortgages at this time and the next few days we will hear more but this takes effect July 9, 2012 so only a few short weeks away. 1 Max Amortization down to 25 years not 30 2 Refinance to 80% not 85% 3 GDS Max 39% and TDS 44% (not 44/44) 4 No default insurance above $1mil. Click to Read More
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment