Lower Qualification Rates on Conventional Mortgages. A Trend?
April 18, 2011 by Adil Virani
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News
One year after most banks started using posted rates to qualify conventional mortgages, we’re starting to see some loosening of those policies. Three weeks ago, Scotiabank lowered its conventional qualifying interest rates, and last week FirstLine (a division of CIBC) did the same. Lower qualification rates impact debt ratio calculations and make it easier for […]
