"First off, it’s not a test like the kind you encounter in school. Rather, it’s a set of rules major banks must use to determine if you qualify for a mortgage. Because mortgage rates can fluctuate, as they have in recent months, the Canadian government has set a minimum qualifying rate to reduce the risk involved in mortgage lending. This helps to ensure you’ll still be able to afford your mortgage payments if interest rates increase beyond the rate originally stated in your contract. In other words, it’s not you but your finances that are put to the test."
I am a Real Estate Broker providing full service real estate to clients throughout Southwestern Ontario. I specialize in helping you find the ideal community and a home within that city, small town or quiet rural corner. My twenty years of experience and advanced training in marketing, negotiation and contract management make me the ideal person to list your property and attract the perfect buyer.