[ranchlandsselling]

Originally Posted by chemgear

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.

That's annyoing. Borrowers in good standing can now be held hostage by their current lender. What's that little home owner? You don't like the rates I offered you ? Go elsewhere then! BAH HAHAHAHA