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Monday, June 25, 2012
Weekend Reading – changing the mortgage rules, again, and great blogs
Our government certainly keeps things interesting… Today, Finance Minister Jim Flaherty announced they’re tightening the rules on our housing market. Flaherty confirmed Ottawa will reduce the maximum amortization period to 25 years from 30 years, reduce the maximum amount homeowners can take equity out of their homes for refinancing purposes from 85% to 80% and [...]
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