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What are B-20 Mortgage Rules?

B 20 residential mortgage rules explained

B20 makes it hard to get approved You may have heard your mortgage professional use the term “b-20” during your mortgage application. Typically, it is brought up when a client is declined. This is due to certain rules when assessing your income and your Mortgage affordability. The 5 principles for sound residential mortgage underwriting: 1. […]

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