• Home
  • About
    • Our Company
    • Our Team
      • Raquel Welch
      • Nancy Nairn
      • Guy Ferguson
      • Gib Hannah
    • Partners
    • Local Partners
    • Testimonials
  • Resources
    • Online Application
    • First Time Home Buyers
    • Mortgage Renewals
    • Homeowner Refinancing
    • Blemished or No Credit
    • Mortgage Tips
    • Real Goods
    • Seniors
    • Email Consent
  • Calculators
    • Mortgage Qualifier
    • Mortgage Calculator
  • Rates
  • Blog
  • Contact
Search

  • Home
  • About
    • Our Company
    • Our Team
      • Raquel Welch
      • Nancy Nairn
      • Guy Ferguson
      • Gib Hannah
    • Partners
    • Local Partners
    • Testimonials
  • Resources
    • Online Application
    • First Time Home Buyers
    • Mortgage Renewals
    • Homeowner Refinancing
    • Blemished or No Credit
    • Mortgage Tips
    • Real Goods
    • Seniors
    • Email Consent
  • Calculators
    • Mortgage Qualifier
    • Mortgage Calculator
  • Rates
  • Blog
  • Contact

10
may
0

Bank of Canada Qualifying Rate Increasing!

Posted by Welch & Co, Mortgage ProfessionalsMortgage News!, Mortgage Tips, Rates Page, Real Goods, Understand MortgagesNo Comments

Lenders normally have until Monday, following announcements made by the Bank of Canada on a Wednesday, in order to implement the changes. The announcement for an increased Bank of Canada Qualifying rate was made yesterday – an increase from 5.14% to 5.34%.

 

This applies to all borrowers that have less than a 20% down payment for their home purchase…

 

Call us at 613-546-2989 should you have any questions at all!!!!

 

https://www.thestar.com/business/2018/05/09/bank-of-canada-raises-mortgage-qualifying-rate-following-increase-in-big-six-banks-fixed-rates.html

About Welch & Co, Mortgage Professionals

No Comments

    Leave a Reply Cancel Reply

    Your email address will not be published.

    You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

    Apply Now

    Resources

    • Online Application
    • First Time Home Buyers
    • Mortgage Renewals
    • Homeowner Refinancing
    • Blemished or No Credit
    • Email Consent

    Calculators

    • Mortgage Qualifier
    • Mortgage Calculator

    Recent Posts

    • Bank of Canada Maintains Record Low Overnight Rate
    • CMHC Changes mortgage rules again!
    • Update on COVID-19 Kingston & Lenders’ Relief Options
    • Bank of Canada cuts rates again
    • Stuck at home with your children?

    Give us a call

    613-546-2989

    Connect with us

    Contact Info

    Address: 775 Blackburn Mews, Kingston ON K7P 2N5
    Phone: 613-546-2989
    Email: welchco@mtgprof.com

    Licensed Agents

    Raquel Welch: #M10000573
    Nancy Nairn: #M08002086

    Connect With Us

    Brokerage License: #10280
    Independently Owned and Operated

    © Welch & Co. Mortgage Professionals, 2016.
    Website Design by RedTrain
    About Resources Online Application Rates Contact