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Old 05-30-2012, 09:51 AM   #28
chemgear
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Join Date: Feb 2010
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Sounds like it might be a done deal:

http://www.canadianmortgagetrends.co...to-values.html

We’re hearing from multiple sources that a 65% loan-to-value maximum is now a done deal for HELOCs.

The HELOC LTV limit is currently 80%.

Most (but not all) banks are reportedly supporting the measure. Although, bank execs are known to say different things in private than they do in front of regulators.
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