Vancouver Island Real Estate and New 2018 Canadian Mortgage Rules
Are you ready for new Canadian Mortgage rules? If you applied for a new mortgage after January 1, 2018, would you qualify.
Check out this interesting news release . . . CLICK HERE
If you have any mortgage questions, Vancouver Island Realtor Lorne Gait or Morgan Fisher can help you. Further, they can help you find a great Vancouver Island Mortgage Broker who can assist you with your mortgage needs.
In the past the mortgage stress test was used only for those who were putting a small amount of money down on their purchase and as as result needed CMHC financing. As of January 1, 2018 all Buyers who need a mortgage will need to pass the stress test. CLICK HERE for more information on the stress test.