📰
Also in this edition:
• What the blockbuster immigration news means for real estate
• Mortgage Bytes
• What the blockbuster immigration news means for real estate
• Mortgage Bytes
Well fancy this: a government watchdog is taking underdog borrowers under its wing.
In a submission today to the Department of Finance, Canada's Competition Bureau (CB) defended unfairly treated mortgage switchers, saying it "urges policymakers to reconsider the application of the stress test at mortgage renewal for uninsured borrowers."
Doing so would "allow [borrowers] to switch lenders and benefit from competition," it explained.
What a concept. It kind of sounds like what the mortgage industry has been screaming from rooftops for 6+ years.
You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
Comments
Sign in or become a MortgageLogic.news member to read and leave comments.
Just enter your email below to get a log in link.