"Building VALUE With Every Move"

New Mortgage changes

New Mortgage rule changes:


Maximum 25 year Amortization - Pretty self explanatory.  

 

Maximum Purchase Price of $1,000,000 on High Ratio Deal - This has represented only 35% of the insurer's portfolios, not a big change here.  

 

Maximum GDS 39% and TDS 44% - The buying power would decrease around 10% as compared to before.

 

Maximum 80% of LTV of refinances - Can now only access 80% of the home equity 

 

 

 




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