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Mortgage Broker News | 12 Sep 2013, 12:00 AM Agree 0
Mortgage professionals are calling for an independent lender to refocus on the rental property market as frustrations mount following rule changes at several lenders – most recently at a big bank.
  • Jason | 16 Sep 2013, 03:23 PM Agree 0
    It is a sign of the times, all of the new regulations are making it harder and harder...

    There is zero chance a monoline is going to change their policy anytime soon to open it up to real estate investors. The monolines all have the same source of funds, that is why there is no diversity in the products being sold. I see it getting worse and worse and that is why you better make sure you are with a good lender when you buy an investment property. The ability to pull out equity as it builds up simply will not happen for many anymore. It is true we do need to stop living in the past. In 2007 when you could buy with zero down and a 40 yr amortization on a rental and people bought 10 in one year, it should have never happened....
  • Chase | 13 Feb 2015, 10:10 AM Agree 0
    Hey are using Wordpress for your site platform? I'm new to the blog world but I'm trying to get started and create my own. Do you need any html coding knowledge to make your own blog? Any help would be greatly appreciated!
  • Alexandra | 13 Feb 2015, 10:26 AM Agree 0
    I couldn't resist commenting. Perfectly written!
  • Andrea | 13 Feb 2015, 12:08 PM Agree 0
    well said Jason, omg I remember back in the 90's when I was selling investment properties downtown T.O. .. no problem w/lenders & anyone could get into the market... now the "rich get richer" & well, you know how it goes...
  • Andrea | 13 Feb 2015, 12:10 PM Agree 0
    not to mention, those were the days when we expected a 10% r.o.i. !!! the good ole days!
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