Corina Marin | June 21st, 2012
The Federal Government announced this morning four new clampdowns on insured mortgages that will quickly come into effect on Monday, July 9th, 2012.
These changes include:
Reducing the maximum amortization period to 25 years from 30 years
Reducing the maximum amount of equity homeowners can take out of their homes when refinancing to 80% from the current 85%
Limiting the avail ...
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