This entry was posted on Thursday, January 27th, 2011 at 1:15 PM and is filed under Home Staging Resources. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Will these new rules affect your future home purchase plans?
As of March 18, 2010 the maximum time frame for a government-insured mortgage will be lowered from 35 to 30 years, the maximum ammount home owners can borrow against their home’s equity will be lowered from 90% to 85% and government insured home equity lines of credit will be withdrawn.
Want more information? Check out CBC’s article “Flaherty tightens mortgage taps” or contact us, we can refer some very knowledgable mortgate specialists.
