Informatie over saemonsla1 |
Lid sinds: |
09-01-2020 |
Laatste bezoek: |
|
Aantal berichten: |
0 (0 berichten per dag | 0 procent van alle berichten)
(Alle berichten zoeken)
|
|
0 ()
(Alle discussies zoeken)
|
Tijd online besteed: |
|
Doorverwezen leden: |
0 |
|
|
Extra informatie over saemonsla1 |
Sex: |
Male |
Bio: |
Under the tension test, every house buyer who wants to get a home mortgage from any federally managed loan provider ought to undergo a test in which the borrower's cost is judged based on a rate that is not lower than a stress rate set by the Bank of Canada. For high-ratio mortgage (loan to value of more than 80%), which is guaranteed by Canada Mortgage and Housing Corporation, the rate is the maximum of the tension test rate and the present target rate.
This tension test has lowered the maximum home mortgage approved amount for all customers in Canada. The stress-test rate consistently increased till its peak of 5.34% in May 2018 and it was not altered till July 2019 in which for the first time in three years it reduced to 5.19%. This decision might reflect the push-back from the real-estate market as well as the intro of the novice home buyer reward program (FTHBI) by the Canadian federal government in the 2019 Canadian federal spending plan. https://www.threadless.com/@gerton0j9g |
|