Why the mortgage stress test has proved so controversial for first-time homebuyers — and retirees

Author: External Author | Dec 11, 2019 | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

Buying a new home is already a stressful experience. With last year’s introduction of a mortgage stress test for all aspiring homeowners, that has only become more so.

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Original Article Source Credits: Financial Post , https://business.financialpost.com/

Article Written By: Nicholas Sokic

Original Article Posted on : November 7, 2019

Link to Original Article: https://business.financialpost.com/real-estate/mortgages/mortgage-stress-test-first-time-homebuyers-and-retirees