Mortgage brokers, home buyers concerned about new ‘stress test’ rules

New guidelines that will soon place restrictions on uninsured borrowers looking to secure a mortgage have — as one Ottawa realtor puts it — kicked the pursuit of a home into “overdrive.” Earlier this month, the Office of the Superintendent of Financial Institutions (OSFI) released guidelines for the mortgage industry that will take effect on Jan. 1, 2018. One of the major new rules is a requirement to subject uninsured borrowers to a “stress test.”

Titre: Mortgage brokers, home buyers concerned about new ‘stress test’ rules
Actualisé: octobre 30th, 2017
Auteur: APWireless Canada
« Retour vers Nouvelles