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    New Fixed Lending Rates


    by lisagibson

    2 views | In this video Lisa talks about the upcoming new lending rates being established this April 19th. These new restrictions include: People now need to qualify for a 5 year fixed term, even if they want an open variable. Revenue properties require a minimum 20% downpayment. Refinancing your home will be capped at 90%. Previously it was 95%. No changes to long-term amortization period. (Thank goodness.)