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Canada's Mortgage Stress Test To Get An Overhaul In April

Author: External Author | | Categories: Business Financing , Certified Real Estate Investment Adviser , Commercial Financing , Construction Mortgage , Debt Consolidation , Home Mortgage , Licensed Mortgage Agent , Lowest mortgage rate , Mortgage Associate , Mortgage Broker , mortgage interest , mortgage preapproval , mortgage prequalifying , Mortgage Rates , Mortgage Refinancing , Mortgage Specialist , Rental Property Financing , Second Mortgage

OTTAWA ― The federal government is changing the stress test rate for insured mortgages starting April 6.The government says the change will allow the rate to be more representative of the mortgage rates offered by lenders and more responsive to market conditions.

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Original Article Source Credits: HuffingtonPost, https://www.huffingtonpost.ca/

Article Written By Canadian Press

Original Article Posted on :2/18/2020

Link to Original Article: https://www.huffingtonpost.ca/entry/mortgage-stress-test_ca_5e4c2e67c5b6eb8e95b3bcc2

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