Calgarypuck Forums - The Unofficial Calgary Flames Fan Community
Old 05-21-2021, 08:17 AM   #1
Mortgage Made Easy
Scoring Winger
 
Mortgage Made Easy's Avatar
 
Join Date: Sep 2014
Location: Calgary, AB
Exp:
Default BREAKING: Insured and Uninsured Mortgage - Stress Test Changing - May 2021

This afternoon, at approximately 1pm (yesterday May 20), the Office of the Superintendent of Financial Institutions announced the result of its consultation regarding the uninsured mortgage stress test found in B20. As of June 1st, uninsured mortgages must qualify at the greater of a 5.25% (up from 4.79%) interest rate or the contract rate plus 2%. You can read the formal announcement HERE.

If you have questions or want to understand the impact to your specific situation, please PM.
__________________
Thanks,
Tim Lacroix | 403-648-1541
Mortgage. Made Easy Experts
Mortgage Connect
www.TimLacroix.com

If you have any questions please feel free to PM me or email forums@timlacroix.com

Click here to View current Mortgage Rates

Mortgage Made Easy is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 04:29 PM.

Calgary Flames
2023-24




Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright Calgarypuck 2021