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chemgear · 06-08-2012, 12:25 AM

http://www.canadianmortgagetrends.co...-concerns.html

Contrary to some fears, mortgage holders in good standing will not have to be re-approved at renewal if they stick with their existing lender.

The maximum loan-to-value on HELOCs will be cut from 80% to 65%.

OSFI will not require that HELOCs be amortizing.

06-08-2012, 12:25 AM	#47
chemgear Franchise Player Join Date: Feb 2010 Exp:	http://www.canadianmortgagetrends.co...-concerns.html Contrary to some fears, mortgage holders in good standing will not have to be re-approved at renewal if they stick with their existing lender. The maximum loan-to-value on HELOCs will be cut from 80% to 65%. OSFI will not require that HELOCs be amortizing.