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18 Oct

Mortgage Qualifying Changes for January 1, 2018

General

Posted by: Jennifer Fuentes

There has been regulatory changes announced by the Office of Superintendent of Financial Institutions (OSFI) and they will be implemented for January 1, 2018.

The changes will drastically decrease how much a borrower qualifies for on a refinance or a purchase with 20% down payment or more. See the 3 changes outlined below and contact me with any questions!