Starting June 1st the stress test is changing. Qualifying rates are changing from 4.79% to 5.25%. This isn’t a significant change but it does reduce your buying power by about 5%. Watch my full video, I explain how this affects you. Please don’t hesitate to contact me with further questions you may have.
As a mortgage broker I serve all of Canada. I specialize in spousal buyout programs (divorce mortgages) and can make the process as efficient and stress free as possible. I look forward to chatting with you about your mortgage needs. I can help make mortgages simple.
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