The Single Best Strategy To Use For Private Mortgage Lender Revealed

The First-Time Home Buyer Incentive reduces monthly mortgage costs through co-ownership and shared equity. Stress testing rules require proving capacity to make mortgage repayments at a qualifying rate roughly 2% above contract rate. The mortgage stress test requires all borrowers to qualify at rates roughly 2 percentage points more than contract rates. B-Lender Mortgages have …

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