Understanding the Mortgage Stress Test The mortgage stress test, officially known as the “Mandatory Mortgage Qualification Rate” or the “Stress Test,” is a financial tool introduced by the Canadian government to ensure that homebuyers can handle their mortgage payments even if…
What is a credit score?
In today’s financial landscape, your credit score is more than just a number. It’s a powerful tool that can open doors to opportunities or slam them shut. Whether you’re applying for a loan, a credit card, or even a rental apartment,…
Mortgages for self employed? Yes you can!
The dream of homeownership is one that transcends employment status. Whether you’re a salaried employee or self-employed, the prospect of owning your own home is an exciting and achievable goal. However, the path to securing a mortgage can be different for…