Again New Mortgage Rules

..and You have a few days only before they Change:

These changes might affect you:

Maximum amortization period length will be 25 years instead of 30. That can change how much you can afford for monthly payments.

For refinancing, maximum LTV (Loan to Value) will reduce from 85 to 80%. That means you will from July 9th 2012 on only be able to refinance your home to a maximum of 80% of its appraised Value.

Marcus Kallweit

Marcus Kallweit

Affiliated Real Estate Agent
CENTURY 21 Home Realty Inc., Brokerage*
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