Stress Test Changes Make Mortgage Qualifications Easier
We’ve been hearing a lot of news lately that have made it a bit easier for Canadians to qualify for a mortgage, just in time for the spring market.
We’ve been hearing a lot of news lately that have made it a bit easier for Canadians to qualify for a mortgage, just in time for the spring market.
Mortgage default insurance is mandatory in Canada for down payments between 5% and 19.99%. It protects lenders in case a borrower defaults on their mortgage loan.
What’s a monoline lender, you ask? If you’re not familiar with monoline lenders, you’re not alone. Most people aren’t either.
To create any kind of wealth in this world, you’ll need to leverage other people’s money, time, and knowledge. We love leverage in real estate
Applying for home financing may seem daunting, but actually, we do most of the work, and it costs you nothing. What we do need from you though are a few documents to verify your income and financial status.