Quote:
Originally Posted by Leeman4Gilmour
I think this piece of information is important. I would think a lot (most?) people fall into the high ratio category. This change just affects the rest.
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A lot of people are under the high ratio umbrella for sure, and it will impact them as well. They will have to qualify at the benchmark rate (or whatever it's going to be) even if going for a 5-year fixed.
See the CBC example a couple posts up, as that is a high-ratio deal as well.