Archive for the ‘Mortgage News’ Category
Read latest mortgage news and updates from best industry resources.
December 15th, 2017Mortgage NewsComments Off on The New ‘Stress Test’ Expected To Disqualify 10 % of Aspiring Buyers: Bank of Canada
Think you are safe because you want to place more than 20 percent as down payment for your mortgage? You really are not; since you will have to take a ‘stress test’ before you are approved for a mortgage loan, as from Jan, 1, you may not qualify for the mortgage you wanted. According to […]
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December 14th, 2017Mortgage NewsComments Off on Stringent Borrowing Rules and Higher Interest Rates to Curb Riskier Borrowing
While the Central Bank warned that the effort to mitigate risky borrowing may take time, it is optimistic that strict regulatory efforts and increased mortgage interest rates will be a milestone in this direction. As such, the Central Bank believes that this move will make the financial system in the country even more resilient. Through […]
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December 13th, 2017Mortgage NewsComments Off on Concerns Over the New ‘Stress’ Rules
According to the leading experts in the mortgage industry, the proposed ‘Stress’ rules—that are meant to control the risk associated with mortgage loans in real estate today—are likely to make it impossible for some aspiring homeowners to get a mortgage loan. Essentially, the new rules, which will take effect from January, 2018, were aimed at […]
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