Wednesday, February 17, 2010

Canadian Mortgage Broker News - From the Press: What people are saying about the new mortgage rules

What people are saying about the new mortgage rules. I tend to agree that going from 100% financing to a new maximum of 80% for revenue properties is drastic and it will kill this market.
I just got an email 2 days ago from a broker in Phoenix offering me a chance to buy a 4plex with nothing down. It was fully rented out. It looks like the US might be a better place to invest now.
What people are saying about the new mortgage rules.



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