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GP_Matt · 05-30-2012, 10:31 AM

I wonder how they will implement it. ie. will those with balances above 65% be forced to roll the balance into an unsecured LOC at a higher interest rate or a conventional mortgage or will existing be given a grandfather period.

All in all, I think it is a bit of overkill as many people use a HELOC quite responsibly and to good effect.

05-30-2012, 10:31 AM	#29
GP_Matt First Line Centre Join Date: Jun 2011 Location: Edmonton Exp:	I wonder how they will implement it. ie. will those with balances above 65% be forced to roll the balance into an unsecured LOC at a higher interest rate or a conventional mortgage or will existing be given a grandfather period. All in all, I think it is a bit of overkill as many people use a HELOC quite responsibly and to good effect.