Mortgage Stress Test - How it Affects Your Buying

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Real Estate

💲 The mortgage stress test 2021 will affect your Halifax home buying on the budget line! 💲 

The stress test was designed by the federal government to protect us against the inevitable interest rates going up.

Knowing you qualify to meet the payment on a mortgage with interest rates of over 5.00% means you will be financially able to meet the inevitable higher payments that come with higher interest rates!

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🏡 Thinking of relocating here? Watch this next: 10 Reason to Move to Halifax

 

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