[Video] Don't "STRESS" out - The Bank of Canada Benchmark

Ok, so you are hearing all about these high rates and changes...let me slow things down and explain what actually happened and how this change might impact you so take 2 minutes to watch the VIDEO above 👆!

Have you watched the video yet? https://youtu.be/yRn-rBI1-us

Make sure to watch the VIDEO!! It's 2 Minutes of straight goods I promise!

Big Banks Increasing Posted Rates?

What's Happening? 

  1. Most of the big banks of already increased their posted rates, which saw the bank of (to 5.34%).

Why does this matter??

  1. Posted rates are the rate which the Bank of Canada base the "Stress Test"
  2. This means that buyers with less than 20% for downpayment or those with more qualifying for a variable rate will soon have a reduced qualification.
  3. How much less? about 1.5%-2% or $1,500 - $2,000

Who Will This Impact? 

  1. Everyone buying with less than 20% down.
  2. Most borrowers who are trying to qualify to their maximum with more than 20% down.

Why Can You Do? 😎

  1. Reach out to us If you are THINKING about buying or Refinancing
  2. Send This Info & Video to everyone you know who is buying or selling or maybe refinancing Remember: they may be thinking of a refinance, investment property OR know a friend who is currently thinking of buying.
  3. Send them our way and we will give them an estimate of their before and after rule pre-qualification.
  4.  Contact us early to get ahead of the game, even if your mortgage is not up for renewal until next year.

How to Start Reach US! 📲

  1. Call 604.619.3319 / Click / or Email us!
  2. Book a call - www.calendly.comd/alexmcfadyen

More Questions or READY to get started!?

Just Ask US > Click Here to set up a call or EMAIL us