mortgage simple definition: The Truth About The Mortgage Rule Changes

The Truth About The Mortgage Rule Changes

The Truth About The Mortgage Rule Changes. Get Your Reverse Mortgage Facts Straight

The Truth About The Mortgage Rule Changes video duration 4 Minute(s) 20 Second(s), published by Mortgage360 on 31 10 2017 - 17:15:44.

On October 17, 2017 OSFI, the Office of the Superintendant of Financial Institutions announced changes to the way that uninsured borrowers would have to See the full story here: http://www.theresource.tv/archives/real-estate/truth-fed-mortgage-rates/ Get TheREsource.tv's videos for free: http://www.TheREsource.tv .

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On October 17, 2017 OSFI, the Office of the Superintendant of Financial Institutions announced changes to the way that uninsured borrowers would have to qualify for mortgages. The response on the news, and from the industry blew the announcement way out of proportion! The changes affect one type of borrower, those who are putting more than 20% down and selecting a 5-year fixed mortgage. For the most part everything else remains the same. There is no need for panic.