![]() ![]() An existing stress test already requires those with insured mortgages to qualify at the Bank of Canada benchmark five-year mortgage rule. In order to get a loan from a federally regulated lender, home buyers have to prove that they can service their uninsured mortgage at a qualifying rate of the greater of the contractual mortgage rate plus two percentage point or the five-year benchmark rate published by the Bank of Canada. The guidelines, known as B20, are aimed at curbing risky lending amid rising household indebtedness and high home prices in some markets. "A lot of these people should be bankable," said Noble. "Private lender Fisgard Asset Management Corporation in Victoria is seeing an influx of borrowers and "better quality business" said Hali Noble, its senior vice president of residential mortgage investments and broker relations. I'm not sure how pushing people to 2nd tier lenders with higher rates is protecting them. By doing this, you will ensure any profiles you have created continue to be active. Maybe hoping to catch some good quality prospects as they trickle down the lending ladder. All versions of SyncBack can safely be installed over an existing installation. I've also noticed that the Credit Unions seem to have gone on a frenzied advertising boom. With SyncBack Monitor users can stop, start, pause and resume SyncBackPro/SE profiles running on your local computers (on the same local network). ![]() It looks like the new mortgage rules have increased rejection rates from large banks by almost 20%. The SyncBack Management System and Console ship with a useful help file. ![]()
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