" U; S: ` X ]- a( tof course, it is almost the biggest purchase in people's whole life, it is not impulse purchase. Some broker must have the integrity.
& ]/ y ^7 H9 e3 H1 I$ R: Z! zNot on a 10% down payment mortgage. If 35% or more, that is a different story. , T& V E/ ~! S6 W( u1 m& ]. m& [- [+ |
4% vs. 2.59% for 5 year qualifying on 25 year amortization, his income has to increase 54% to qualify on the same note 4/2.59 = 1.5444 Will that make sense. Small credit union also need to observe the rule of lending, either CMHC, Genworth or CG.