New mortgage rules came into effect November 1, 2012. For some Canadians, those new rules are getting in the way of getting a mortgage. The new lending guidelines – from the Office of the Superintendent of Financial Institutions (OSFI) – apply to all federally regulated financial institutions. And it’s true that it is now harder for some borrowers to qualify for mortgage financing with these lenders.
The good news is that there are many Canadian lenders who are not regulated by OSFI. In fact, we as mortgage brokers have access to over 50 lenders – so we can help find the lender and the mortgage that’s right for you.
We are accredited, professional brokers with mortgage solutions for a changing market. Interested in checking your options? Email us today.