New Mortgage Rules For Canada Home Lines Of Credit: Government Insurance

http://propertysold.ca The Canadian Government announced on Jan 17th, 2011 that they will no longer be offering banks insurance on Home Equity Lines Of Credit for Canadian home owners. This could make it more difficult to qualify for a HELOC, or perhaps higher interest rates on lines of credit secured against a home. These new rules come info affect on April 18th 2011.