Georgetown, Milton, Orangeville Mortgage Blog

Tip Tuesday
 December 4 2018     Posted by Kenzie MacDermid


Tip Tuesday

Government mortgage stress test rules can be very restrictive. In fact, because of the new rule test its actually more difficult to qualify for a fixed rate vs a variable rate.  It should be the other way around. Variable rates change and can go up, where as fixed rates remain the same....Go figure. If your having trouble meeting these new stress tests we have options, with Better Rates, Better Service, and lenders who are not required to follow the stress test guidelines! 120 Day rate hold available

Have a great day

Kenzie

 


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