AGENT LICENSE NUMBER
Alberta
Garth Lyon
Senior Mortgage Professional
Office:
Phone
Address:
103, 901-8 Avenue, Canmore, Alberta T1W 1Z7
AGENT LICENSE NUMBER
Alberta
Department of Finance Announces New Qualifying Rate for Insured Stress Test
Feb 21
2020THINK OUTSIDE THE BOX: The change, which will take effect April 6, 2020, means borrowers with insured mortgages (typically those with less than 20% equity) will need to prove they can afford monthly mortgage payments based on a rate equal to the weekly median 5-year fixed insured mortgage rate plus 2%. Click here to read article.
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