linafeng

Canadian New Mortgage Rule:


Rules for amortization and loan to value (LTV), effective March 18th, 2011 are as follows:
• Reduce the maximum amortization period to 30 years from 35 years at high ratio (>80% LTV)
• Lower the maximum amount Canadians can borrow in refinancing their mortgages to 85 per cent from 90 per cent of the value of their homes.

Rules on Line of Credit (HELOC), effective April 18, 2011, as follows:
•Withdraw government insurance backing on lines of credit secured by homes, such as home equity lines of credit, or HELOCs.   This means you will not be able to obtain line of credit at 80% LTV or higher (some lenders cap loan to value for HELOC at 75% LTV or lower  before this rule anyway)
For further questions, dont’ hesitate to email us at cchien@mortgagegrp.com about how this rule may affect your buying decision and qualifications

Full story and source: Department of Finance Canada


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银行账户信息，定存投资，个人贷款，房屋贷款。如果你想得到更多的咨询或更快的回复，可以给我来电或email:
Lina Feng 冯莉娜
Financial Services Manager
Bank of Montreal
Tel:（250）405-2181   
lina.feng@bmo.com

MrGrant

利息要涨了

lloydli

昨天电视里提到这件事了， 门槛提高，利息提高，房市活跃程度降低，房价降低，这是我这个外行的简单推理，或叫瞎诌，但我想卖房呀，倒霉呀

MrGrant

那就赶快卖吧，在这个春天里

mimi

银行净瞎呼游， 上次说涨， 害的我付了罚款去锁定， 后来又降得比我锁定的还低。

lloydli

我愿以为我是最笨的呢，现在发现我排第二了，银行的话你都敢信

jordanzhen

I got news from newspaper recently , the housing price will stay at this level for a few years. The intereste rate will keep at this lower level. The only thing now is the Rule is more hight than before, but if you have 20% down payment to buy a house, it looks no effects for you.

wenjiabao101

，你说的太对了！他们就是来回忽悠，赚你钱而已。

lloydli

7楼的不是还在帮着忽悠呢吗，现在房价已经降了，倒霉，我的也卖不出去了，干脆我也加入50%房东的行列，往外租房吧