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Fixed or Variable? With Rates Potentially Set to Rise, Which Option is Best for You?
Should you stick with the stability of a fixed mortgage rate or opt for a variable?It’s one of the most difficult decisions faced by new homebuyers and homeowners who are renewing or refinancing.But...
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Investment Properties and Your Mortgage
Has the idea of buying an investment property ever crossed your mind?Maybe you’d like a place to rent out and have someone else pay some or all of your mortgage while you build equity in a tangible...
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Mortgage Stress Test Changes Coming
June 1 – What You Need to KnowStarting June 1, 2021, the minimum qualifying rate used for both the insured and uninsured mortgage stress tests will be increasing.Purchase a Home?Whether you’re making...
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Shopping for a Mortgage? A Stricter Stress Test is Likely on the Way
If you’re in the market for a mortgage over the next several months, you’ll want to read on.Several new mortgage changes are coming down the pipeline that could affect your ability to qualify for a...
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