1 y5 {- u0 h8 A# Eof course, it is almost the biggest purchase in people's whole life, it is not impulse purchase. Some broker must have the integrity.
2 A, T3 o2 E) N4 iNot on a 10% down payment mortgage. If 35% or more, that is a different story. / n3 C* }$ T, h/ K2 z5 g 0 l! i# y* I1 M% i3 W, T4 K# k4% 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.