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- Jan 29, 2008
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http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2012/05/heloc-loan-to-values.html
Raises some concerns for me, especially the part about existing 80% loan to value HELOCs not being grandfathered. It seems like they'd pretty much have to give people time to get their existing HELOCs down to 65%.
Any thoughts on how likely this change is to happen and how it would affect you/the real estate market in general?
Regards,
Michael
Raises some concerns for me, especially the part about existing 80% loan to value HELOCs not being grandfathered. It seems like they'd pretty much have to give people time to get their existing HELOCs down to 65%.
Any thoughts on how likely this change is to happen and how it would affect you/the real estate market in general?
Regards,
Michael