The feds have announced that the 35 amortization has been eliminated. Also, we can only borrow up to 85% of our homes value. This is with the intent of reducing Canadian debit exposure. My question is, if Canadians can’t consolidate their debt up to 90%, what is their option for that 5%? High interest unsecured debit? Hope it works.
New lending requirements? How come?
January 20, 2011 By Leave a Comment