How an obscure budget change could raise mortgage rates- Ask a Vancouver Mortgage Broker
April 30, 2013 by Adil Virani
Filed under Home Series, Latest News, Latest Rates, Mortgage FAQ, Recent News, Selling Your Home, Vancouver Mortgage Broker
ROBERT MCLISTER – Special to The Globe and Mail The acronym “ABCP” doesn’t come to mind when people go mortgage shopping. But if you get a new mortgage in the next few years, it could very well affect your interest rate. ABCP stands for asset backed commercial paper. It’s used by a handful of non-bank lenders to […]
