Some major changes in the mortgage rules as announced by the federal government of Canada can make many real estate buyers to keep in abeyance the desire of buying their own abode. According to former rules, buyers with at least 5% price as down payment were subjected to the stress test; but now, this percentage has been increased to the value 20%. These modifications in mortgage policies will pose great difficulty on the home-buyers.
What are the effects of changes in the Canadian Mortgage Policies?
Under such circumstances, you can rely on leading loans and mortgage providers like Cash Lender. Cash Lender can help you in this situation of changed mortgage policies along with your poor credit score. They offer various types of loans including home equity loans, home improvement loans, mobile home loans as well as medical loans and student loans.
About Cash Lender:
Cash Lender is one of the reputed and renowned loan and mortgage lenders in Canada. You can also acquire bad credit small business loans Canada through Cash Lender at reasonable interest rate.
For more information, please visit www.cash-lender.ca.
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