Wednesday, November 30, 2011

Will the 30 Year Mortgage Disappear?

Not really sure at this point.. However, the powers that be are talking about it!

The federal government is reconsidering their involvement in the home mortgage process. They plan to still ‘guarantee’ certain mortgages. However, they appear to be redefining what they consider a ‘qualified purchaser’. They are discussing stricter lending guidelines in four different areas:

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3 comments:

  1. Jim ThomsonDecember 2, 2011 at 2:15 AM

    Really Good Post!!

    As a mortgage broker in BC, I reserve the BEST mortgage rates in Vancouver through major Banks. Mortgage Broker Vancouver

    ReplyDelete
  2. Downers Grove and Real Estate AgentDecember 7, 2011 at 1:49 AM

    Thanks for your input Jim

    ReplyDelete
  3. UnknownSeptember 17, 2012 at 4:59 AM

    This is still a big issue today, especially on lowering house prices here at USA. I hope that economy will become better.

    CT Real Estate

    ReplyDelete

Thanks for the Comment!

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