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Flipping houses could make you the most susceptible should mortgage rules change

Blog by Brad Herman | June 7th, 2013

Flipping houses could make you the most susceptible should mortgage rules change. Just this morning we looked at the proposed changes to mortgages in Canada that the OSFI is considering making. The changes dictate that all mortgages in the country, not just those without a full down payment, will be restricted to a 25 year amortization cap. While some think this is going to be a move that benefits subprime lenders, others think that the effect is going to be detrimental to most. And Canadian Real Estate Magazine believes that one of the group to be hardest hit by it will be flippers

http://www.canadianmortgagesinc.ca/2013/05/flippers-could-be-hardest-hit-if-mortgage-rules-change.html

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