New Mortgage Rules
Posted on Dec 07, 2017
Starting January 1, 2018 new mortgage rules will come into effect. One of the biggest changes this will have is on uninsured mortgages (mortgages where home buyers put down 20% or more) will now be required to pass a “stress test”. Since 2016, only buyers with less than a 20% down payment and an insured mortgage underwent a financial stress test. T...