That means that no matter how much of a down payment you come up with, you will still have to pass the stress test in order to get approved for a mortgage. The rules now require that the minimum rate to qualify for uninsured mortgages is either the five-year benchmark rate as per the Bank of Canada or …
The post How To Enter The <b>Canadian</b> Housing Market Today appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/how-to-enter-the-canadian-housing-market-today/
No comments:
Post a Comment