new federal mortgage rules

[Emil8341]

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]

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,

 

[Thomas Beyer]

We will see less lenders and tighter underwriting even for over 20% down but especially for sub 20% down. Most sub 20% down folks will qualify for roughly 20% less.

All coated in "good for the middle class" language.