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As of June 1, a new mortgage ‘stress test’ will mean that borrowers will have to be approved for a minimum qualifying rate of 5.25 per cent or higher.
Source: ctv business
How the new mortgage ‘stress test’ will affect homebuyers
Direct Loan Canada is a Canadian-based company specializing in loan capacity analysis and personal loan endorsement. Our goal is to find personal loans for our clients, regardless of the status of their credit report, by guaranteeing a discreet and professional service. In addition, we deal exclusively with lending companies having the required permits and in compliance with the law. With Direct Loan Canada it's fast and easy!