Read About The New Mortgage
Rules Starting January 1, 2018

By: Jeffrey & Irene Joseph

Read About The New Mortgage
Rules Starting January 1, 2018

Tags: GTA, Real Estate, Homes For Sale, New Rules

Canada Has A New “B-20” Mortgage Stress Test, Which Will Be An Important And Large Shift For Roughly The 1 In 6 Borrowers It Affects, Starting January 1.   This Will Force Higher-Indebted Creditworthy Borrower To Either:   Seek Out A Non-Bank Lender, Like A Credit Union. Seek Help Qualifying (e.g., Find A Bigger Down Payment Or Co-Signor), Reduce Their Loan Amount Defer...Read More