© 2016 by Belecky & Belecky

 
 
 

News

New this year, all homebuyers will need to pass a  stringent "stress test" that was previously reserved for those with less than a 20% down payment.  The test requires purchasers to qualify for a mortgage at an interest rate of 4.89% on a five year term, or at the rate of their new mortgage plus 2%, which ever is higher.

 

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235 North Centre Road, Suite 104

London, Ontario  N5X 4E7

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519-673-5630

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