2019 mortgage rules are not all that different from last year. But that doesn’t mean much. Everything is still pretty much upside down.
In fact, since the stress test came into play, I am happy to report the government has not made any other major announcements about mortgages in Canada. And thank God for that. For the last 5 years, it seemed like our federal government was intent on using a hatchet where a scalpel would have been more appropriate.
There’s still the nagging issue of how a bigger down payment can result in a higher rate. A higher rate. With a bigger down payment. But at least there hasn’t been anything NEW announced.
I’m a Calgary mortgage broker who focuses on helping you achieve home ownership and helping my clients get ahead financially. Have a good mortgage broker on your side can make all the difference.
So if you were looking for a “mortgage broker near me” who can help you navigate what the 2019 mortgage rules mean for you, including giving you a run down of your personal stress test calculation, I think you should apply right now or contact me.