I wanted to share this announcement with you. You will most likely read a lot about the new mortgage stress test rules coming into effect. If you are considering a mortgage, let’s talk right away! — Announcement issued by Mortgage Professionals Canada Ministry of Finance follows OSFI’s uninsured mortgage announcement […]
Monthly Archives: May 2021
3 posts
I’ve noticed lots of social media posts lately about big changes to the mortgage rates and approval process. I would say the best way to look at this as a “state of flux”. With the pandemic still ongoing, vaccines being administered as quick as possible, and the economy working to […]
A pre-approval for a mortgage is a bit of a misconception. A pre-approval is more of a process than an approval. This is the time when a lender looks at your financial status and determines the maximum amount that they may lend you and what the interest rate would be. […]
