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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,
but it will affect buyer and seller, the payment people can
qualify for, will be less! What is your thought on these new changes?