Canada’s benchmark rate (a.k.a. minimum stress test rate) has decreased from 5.04% to 4.94% effective May 25, 2020. What does this mean for you? A lower qualifying rate means you, the borrower, can increase your purchasing power slightly and increase the amount of mortgage you’ll qualify for. Good news: The drop from 5.04% to 4.94% now means you can […]
If you are looking for a new home, be sure you get a mortgage preapproval. With a mortgage pre approval, a licensed mortgage broker (like myself), can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually the […]
The benchmark rate (a.k.a. minimum stress test rate) has decreased from 5.19% to 5.04%. This will boost the mortgage amount typical borrowers can qualify for. The Good News The drop from 5.19% to 5.04% now means you can borrow an average of $10,000 more than you could previously! Do you have less than 20% down? […]
The benchmark rate (a.k.a. minimum stress test rate) has decreased from 5.19% to 5.04%. This will boost the mortgage amount typical borrowers can qualify for. The Good News The drop from 5.19% to 5.04% now means you can borrow an average of $10,000 more than you could previously! Do you have less than 20% down? […]
Email: jennamortgagebroker@gmail.com
Cell: 250-318-7614
Fax: 866-863-0427
Email: jennamortgagebroker@gmail.com
Cell: 250-318-7614
Email: jennamortgagebroker@gmail.com
Cell: 250-318-7614 Fax: 866-863-0427
