5 Year Fixed 3.49%

5 Year Variable 3.10%

CTV Morning Live: Mortgage Minute- February 19, 2019

CTV Morning Live: Mortgage Minute- February 19, 2019

Date Posted: February 22, 2019

Over the past year, qualifying for a mortgage has become more challenging. The millennial generation and single individuals particularly are finding it the toughest.

The stress test coupled with higher interest rates are where many potential buyers tend to hinder purchasing power. This may be where a parent is willing to co-sign for the mortgage. Eliminating outside debt will help getting ratios inline to qualify.

Wondering where you may stand in terms of purchasing a home? Contact your Mortgage Broker today to get all the information.

Catch this week's segment of Mortgage Minute for more information.