New rules proposed by the federal government to curb financial risks associated with the country’s hot housing markets could make it more difficult to secure a mortgage. The Office of the Superintendent of Financial Institutions’ new guidelines proposed Thursday include stress tests for uninsured mortgages — loans secured with a deposit of at least 20 per cent on the value of
Another example of how all mortgages are not created equally and it will cost YOU! When I meet with my clients I explain that I believe my role is to get them the mortgage that fits their goals and plans, while saving them the most amount of money over the life time of their mortgage.
Mortgage Unqualified Understanding Co-Signers & Guarantors For younger people and first-time homebuyers, trying to compete independently in Vancouver’s out-of-control-and-ceaselessly-rising real estate market can be next to impossible. As a result, at some point those wanting in may consider alternative lending options; a process which quite often leads back to a parent or family member who
