How The New Mortgage Rules Will Affect you

How The New Mortgage Rules Will Affect you

1 0 4 years ago
Joe Sammut, Mortgage Broker at Mortgage Architect walks us through some of the changes the new mortgage rules passed by the Bank of Canada will bring, and how it will affect homebuyers with 20% down.
What is the Bank of Canada benchmark rate?
What is the purpose of this new mortgage rule?
What is the new qualification rate? What was the old qualification rate?
What is the element of the stress test that has to do with debt servicing or percentage of debt servicing?
What is a TDS ratio?
What ... See More

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