The bottom line is this, despite the new mortgage stress testing, which took effect on January 1st this year, you can still buy a home! What’s this stress test? Stress testing is a best practice risk management tool. Stress tests are used by financial institutions to gauge how their business would fare under extremely difficult […]
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Canada Mortgage and Housing Corp. has declared that they will be tightening up the types of mortgage insurance it will offer. The Crown corporation said Friday that it is going to stop offering mortgage insurance on second homes. It will also stop offering mortgage insurance to self-employed people whose income cannot be validated through traditional
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Unless you have a wad of cash just sitting around, chances are you’re going to need to borrow money from a lender to buy a house in Burlington. Getting a mortgage pre-approval is usually the first step and is very beneficial because it shines light on how much you can afford, ensuring that you’re not getting into
Tips for Getting Pre-Approved for a Mortgage Read More »
