Have You Prepared Yourself Properly for Your Mortgage?
July 9, 2013
In this week’s video blog, MonsterMortgage.ca Mortgage Expert Kristian Harris talks about the recent changes to lender’s and bank’s requirements when it comes to your mortgage.
in particular addresses the growing change in the ways in which lenders verify an applicant’s income. Previously, lenders had only requested one or two documents in order to verify an applicant’s income; however, in light of the recent mortgage rule changes, mortgage lenders have increasingly asked for more detailed documents to determine an applicant’s ability to sustain their mortgage.