Goodbye 30 yr Amortization
June 21st, 2012
Mortgage rules have tightened up again.
As you may have already heard, the
government announced today that mortgage rules will be changing. New rules will
be taking into effect July 09, 2012. I have attached a link from today’s
announcement and have summarized the three major changes. Here are the changes:
Maximum
amortization is now 25 years (from 30 years)
Mortgage
re ...