Hi,
I have a few 35 year and 40 years mortgages that are due for renewal in 2012. With the new 30 year amortization rule, will my existing 35 and 40 year mortgages be grandfathered and renewed on the existing terms or will I have to re-qualify under the 30 year amortization?
Thanks, Vic
I have a few 35 year and 40 years mortgages that are due for renewal in 2012. With the new 30 year amortization rule, will my existing 35 and 40 year mortgages be grandfathered and renewed on the existing terms or will I have to re-qualify under the 30 year amortization?
Thanks, Vic