Mortgage Qualification Without the 2% Stress Test Increases Borrowing Power by 17%. Home Buying 101: What's the difference between mortgage pre-approval and pre-qualification?
Mortgage Qualification Without the 2% Stress Test Increases Borrowing Power by 17% video duration 2 Minute(s) 24 Second(s), published by Yiannis Andreou on 20 12 2018 - 17:33:28.
The option to qualify without the 2% Stress Test applies to select locations in BC where Financial Institutions that offer this special program have branches PreQualification versus PreApproval versus Conditional Loan Approval
What do these words mean? Is there a difference between them? What are the .
This video shows you how to qualify for home loan, how to get approved for a home loan, and how to get a house loan
HOW TO GET APPROVED FOR A HOME Website: www.mikemcnamara.net LinkedIn: https://www.linkedin.com/in/mikepmcnamara/. When it's time to start shopping for your home, being pre-approved for a mortgage is a helpful first step
As most lenders offer the ability to get you pre-qualified .
The option to qualify without the 2% Stress Test applies to select locations in BC where Financial Institutions that offer this special program have branches. The option is available in the Lower Mainland and also in Whistler, Agassiz, Kelowna, Penticton and Vernon. Qualifying without the stress test increases our borrowing power by about 17% in terms of a purchase price that is substantial. The mortgage amount ranges from $100,000 - $4,000,000. The credit score required is 680 for the best rates. If your score is over 600 and under 680, you will need to have at least 20% in investable assets to be able to qualify for this program. Investable Assets are Term Deposits greater than 6 months, RRSPs, Mutual Funds, Liquid Stocks, Bonds. If you have questions, you can certainly call or text me at 778-859-7195.
Other Video about Mortgage Qualification Without the 2% Stress Test Increases Borrowing Power by 17%:
Mortgage Pre-approval vs Pre-qualification -Mortgage Process w Mike McNamara Step 3 NMLS ID # 296946
Website: www.mikemcnamara.net LinkedIn: https://www.linkedin.com/in/mikepmcnamara/
Home Buying 101: What's the difference between mortgage pre-approval and pre-qualification?
When it's time to start shopping for your home, being pre-approved for a mortgage is a helpful first stepAs most lenders offer the ability to get you pre-qualified .
PreQualification Vs PreApproval Vs Conditional Loan Approval
PreQualification versus PreApproval versus Conditional Loan ApprovalWhat do these words mean? Is there a difference between them? What are the .
HOW TO GET APPROVED FOR A HOME LOAN (How to Get a House Loan)
This video shows you how to qualify for home loan, how to get approved for a home loan, and how to get a house loanHOW TO GET APPROVED FOR A HOME .
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