New Mortgage Rules and What is Being Said:

Mortgage Brokers are saying the borrower rejection rate from bigger banks is greater after Canada’s banking regulator imposed a stress test for home owners. Due to this alternative lenders are seeing an uptick in business. This article has some insight and may help you understand it a little bit better.

Here is the link:  http://thechronicleherald.ca/business/1542863-new-mortgage-rules-sending-borrowers-down-the-credit-ladder-to-alt.-lenders

Enjoy Your Day!

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Gary Chambers

Gary Chambers

Associate Broker
CENTURY 21 Trident Realty Ltd.
Contact Me

Tags