new federal mortgage rules

Emil8341

New Forum Member
Registered
Apr 7, 2016
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#1
We are doing rent to own properties. What impact do you think the new more restrictive mortgage rules will have on the very hot market in Barrie
 

Vine Group

Frequent Forum Member
REIN Member
Mar 17, 2016
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#2
Hi,
The new rules don't affect you as an investor. Lenders who support rent to own haven't changed how they qualify investors. The impact will be on the rent to own tenants. Many are expecting to qualify with high ratio. If the qualifying rate increases, they could be priced out of the market.
Best Regards,
 
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