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In an attempt to slow down the housing market, the government has proposed to increase the stress test as of June 1, 2021. Here is a breakdown of what that means. What is the stress test? A couple of years ago the government introduced the stress test to make sure people could afford their … Continued
3 years ago
This is the million-dollar question. With so much unknown in our economy and real estate markets, there is one sure thing – interest rates are on the move upwards. BUT, this is only fixed rates. Variable rates remain at all-time lows. Fixed rates have increased over the last couple of weeks. Why is it that only … Continued
3 years ago
If your down payment is under 60% of the purchase price, you will need mortgage insurance on your loan. We will determine the size of this premium and automatically include it in the calculations.
