Crucial Calculations: Understanding Loan Insurance and Lender Attractiveness for Canadian Homebuyers

2023-10-10 14:30:00

He explains that Canadians who have at least 20% down are less attractive to lenders and that calculations are more than necessary to know if we should insure a loan even if we are able to put down the 20% down. of funds.

Pierre-Yves reminds us that we will have to get used to rates around four to six percent and that many consumers will not be able to change institutions, because their current ratio exceeds their theoretical debt capacity and would no longer qualify elsewhere. .

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