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As more Canadians get into private mortgages, experts caution homeowners to understand what their options are for exiting or refinancing.
One way to deal with failing the mortgage stress test, experts say, is to use a private lender. But tread carefully. Their premiums can add up.
One way to deal with failing the mortgage stress test, experts say, is to use a private lender. But tread carefully. Their premiums can add up.
TheBank of Canada’s aggressive string of recent rate hikes is making it harder for Canadians to pass the mortgage stress test — and is forcing many to look to alternatives.
Experts say when considering refinancing to be mindful of your credit profile and not to gamble on interest rates changes that may not happen.