The stress test is applied to all mortgages. Stressing a mortgage rate happens when you are quoted an interest rate. Every Broker/Agent must apply a 2% premium for mortgage affordability concerns. This is a rule brought about by the Bank of Canada in 2016 on insured mortgages and later applied to any mortgage in 2018. […]
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Dominion Lending Centres FC Funding – Mortgage Suite
Independently Owned & Operated
License No. 10671
Windsor Office:
1821 Provincial Road, Unit 201, Windsor, N8W 5V7
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