Mortgage rules will be changing again effective July 9, 2012. Have you been considering a refinance? If so you will want to do it immediately so that you can take advantage of the full 85% loan to value financing before it is reduced!
Other changes include amortization periods but the minimum down payment has NOT changed! This is good news!
The changes are as follows:
Posted by Keeley Ward
on June 25, 2012