Canada’s Banking Regulator to Tighten Mortgage-HELOC Rules to Curb Rising Homeowner Debt
General Angela Calla 26 May
The trendiest type of home equity line of credit is in the crosshairs of Canada’s banking regulator, which is looking to curb risky borrowing as rising interest rates put added pressure on heavily indebted homeowners. The product under scrutiny is the readvanceable mortgage – a traditional mortgage combined with a line of credit that increases […]
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