Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Changes to the Bank Act open the doors to mortgages

4X4 · 05-23-2007, 09:58 PM

Not a very significant change from 25% being a conventional mortgage. If it went to 15% or 10, then I'd agree that there's a reason to raise an eyebrow.

And 40 year ams have been around since forever. They're just not common during times of boom.

05-23-2007, 09:58 PM	#2
4X4 One of the Nine Join Date: Dec 2004 Exp:	Not a very significant change from 25% being a conventional mortgage. If it went to 15% or 10, then I'd agree that there's a reason to raise an eyebrow. And 40 year ams have been around since forever. They're just not common during times of boom.