| Informacje o lewart0vve |
| Dołączył: |
01-09-2020 |
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(ukryte) |
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| Dodatkowe informacje o lewart0vve |
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Male |
| Bio: |
Under the tension test, every house purchaser who desires to get a home mortgage from any federally controlled loan provider should go through a test in which the debtor's price is evaluated based on a rate that is not lower than a stress rate set by the Bank of Canada. For high-ratio home loan (loan to worth of more than 80%), which is insured by Canada Home Loan and Real Estate Corporation, the rate is the maximum of the stress test rate and the existing target rate.
This tension test has reduced the maximum mortgage authorized amount for all debtors in Canada. The stress-test rate regularly increased till its peak of 5.34% in May 2018 and it was not changed up until July 2019 in which for the very first time in 3 years it decreased to 5.19%. This decision might show the push-back from the real-estate industry as well as the intro of the novice house buyer reward program (FTHBI) by the Canadian government in the 2019 Canadian federal spending plan. https://www.magcloud.com/user/rillenw3xd |
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