Effective June 1, 2021 for both insured and uninsured mortgages a stress test will apply where the minimum qualifying rate will be the greater of the mortgage contract rate plus 2% or 5.25 percent.
Each Office Independently Owned & Operated
Posted by: Croydon DeMello
Effective June 1, 2021 for both insured and uninsured mortgages a stress test will apply where the minimum qualifying rate will be the greater of the mortgage contract rate plus 2% or 5.25 percent.