Qualifying For A Mortgage Will Be A Little Easier The Federal Government announced earlier this week that they are changing how the stress test will be calculated as of April 6, 2020. Currently the interest rate used to qualify for an insured mortgage is 5.19%. This...
There are basically three options when it comes to your renewal. Stay with your current lender Switch/transfer to another lender who has a better mortgage rate or product for you. Refinance to debt consolidate or take out some equity for renovations or investing etc…...
What are permitted Down Payment Sources for a Mortgage? A question that often comes up with Realtors and clients is about permitted sources of down payment and how long the money has to be sitting in the client’s account. Here’s the list I send to my...
