Dori Westin RockyMountainHouse/RedDeer Real Estate

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Dori Westin

Buy Now or Cry Later?

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New Mortgage rules effective March 2011.

Shortening amortizations to 30 years, no government backed mortgage insurance past that. The Federal government withdrawing its’support of Home Equity Lines of Credit, (HELOC). Refinancing only up to 85%, rather than the previous 90% of the value on your home. Anyone thinking of Buying or Selling, should get it done. I think the Government is missing the target here, Huh? but it will affect buyer and seller, the payment people can qualify for, will be less!  What is your thought on these new changes?

Published Wednesday, January 19, 2011 3:36 PM by Dori Westin

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