Blog by Tomasz Wdowczyk

New Mortgage Rules

November 18th, 2017
  • New rules take effect January 1, 2018: Check with your Mortgage Specialist on how this can affect your mortgage loan if you've applied before January 1, 2018.
  • Home buyers with a down payment of 20% or more will now be subject to stricter qualifying criteria (also known as a "stress test") that would determine whether a homebuyer would be able to afford their principal and interest payments ...