The qualifying rate drops, what does it mean for you?
July 30, 2019
The Bank of Canada lowered the qualifying rate used in the mortgage “Stress Test” from 5.34% to 5.19% for the first time since 2016. What does it mean for you? Watch the video below to learn how the reduced qualifying rate will impact you and your next mortgage.
Your buying/borrowing power has improved!
This is the first time we have seen a major step towards increasing your buying/borrowing power since the “Stress Test” was introduced.
Call 416-480-0234 to find out how much more money you qualify for if you are:
Renewing your mortgage over the next 6 – 8 months
Thinking of buying a property
Refinancing your existing property to renovate or pay off some bills
We will find you a mortgage solution to feel good about so you can Live Your Monster Life!