Everything You Need To Know About The Mortgage Stress Test
Confused About The Mortgage Stress Test? Here’s How It Works Since 2018, all home buyers in Canada have been subject to a mandatory mortgage stress test. This applies to everyone hoping to get a mortgage, no matter what your down payment might be. Many Canadians find the stress test strict and confusing. Others have difficulty […]
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Should You Get Mortgage Insurance?
Key Takeaways While the mortgage default insurance offered by CMHC is intended to protect the lenders in case you default on your payments, mortgage life insurance is all about protecting your loved ones in the event of your death. Mortgage default insurance is mandatory for any homebuyers putting down less than 20% of the property […]
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