down payment Archives | Mortgage Pro Ontario

Mortgage stress test rules change January 1st

October 19, 2017Mortgage Pro Ontario

Purchase or refinance now before rules change If you’re looking to buy and will have more than 20 percent down, or if you are considering refinancing, then you might want to do so before January 1, 2018. Why? On October 17, the Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for residential… Read more Mortgage stress test rules change January 1st

Give your down payment a boost

September 28, 2017Mortgage Pro Ontario

Getting your down payment might be easier than you think! For many first-time homebuyers, saving the 5 per cent down payment is one of the big obstacles to home ownership, especially if you’re paying rent, paying down student loans, and trying to live a life. Here are some programs and tips that can give your… Read more Give your down payment a boost

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