Rule #1 to qualify for any mortgage you must meet the criteria for a 5 year fixed term mortgage, even if you are taking a different kind of mortgage.
Rule #2 when refinancing your home you need to leave at least 10% equity, before you only had to leave 5%.
Rule #3 to purchase an income, investment, or speculative property that you are not living in, or going to live in you must put down 20%.
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My Views: these are great changes that only shifted a small portion of potential buyers out of the real estate market and they probably should not have been buying anyways.
Real Estate Dave