Mortgage Changes
February 17th, 2010Government of Canada Takes Action to Strengthen Housing Financing
Mortgage changes target ‘reckless’ buyers: Flaherty
The question most heard yesterday was, “what 5 year rate will they have to qualify on?”.
It will be the 5 year rate at that institution granting the commitment. As the client was having to qualify on that institutions 3 year rate, it will now be their 5 year rate.
T ...