Sentences with phrase «many qualifying rates»

The rules jack the qualifying rate on all new five - year mortgages for homes under $ 1 million to the Bank of Canada benchmark — currently 4.64 %.

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

But the association predicts the pace of sales will cool due to several factors, including a five - year qualifying rate for a mortgage that is forecast to reach 5.70 per cent by the fourth quarter of 2019.

«How much the qualifying rate rises depends on how the other banks follow TD and Royal Banks» lead.

One small note on your comment «The rewards cards don't create higher merchant fees than standard cards»; not true, most processors charge for rewards cards at mid qualified rather than a qualified rate, resulting in a higher cost to the merchant.

Next we heard from Mark Terry, who gave a compelling comparison of his old school district — a low SES urban district with a high ELL population, an 85 % free / reduced qualifying rate, and a high need for meal and nutrition education services — and his current district, which is more affluent with a much lower free / reduced qualification rate and a community of parents who have high expectations for student success and a healthy lifestyle.

Outlook Standard & Poor's qualified its ratings for Dutchess County government with a «stable» outlook, reflecting the strengths noted in the report.

In 2014, when Jaroszynski ran for a newly created family court seat, she received a qualified rating.

However, the price was a lower «qualified rate» for protein and a shorter protein half - life.

In the most recent report, in March, three districts reported a negative certification, meaning they could go insolvent in the current year; an additional 39 gave themselves a qualified rating, meaning they might not be able to balance their books in the following two years.

Qualified rate lock applicants must take delivery within 60 days of initial lock.

For less than $ 100 with qualifying rate plan on a two - year agreement (plus taxes and fees), T - Mobile customers can purchase any of the following devices during the holiday season:

The smartphone also features Wi - Fi Calling and support for Smartphone Mobile HotSpot for up to five devices with a qualifying rate plan.

Whether it's streaming high definition movies over T - Mobile's 4G network, sharing a data connection with up to five devices using LG Optimus L9 as a Portable Wi - Fi ® Hotspot via T - Mobile's Smartphone Mobile HotSpot feature with a qualifying rate plan, or making calls over a Wi - Fi network with T - Mobile's Wi - Fi Calling feature, LG Optimus L9 has the wireless capabilities to keep users connected virtually wherever they are.

· T - Mobile Smartphone Mobile HotSpot: share a 4G data connection with up to five compatible wireless devices with a qualifying rate plan

Prices start at FREE with qualifying rate plan on two - year agreement.

The BlackBerry Torch 9800 will be available for $ 199.99 with 2 - year service agreement on a qualifying rate plan and smartphone data plan required.

(i) Unlimited nationwide Wi - Fi calling requires Unlimited HotSpot Calling mobile plan, qualifying rate plan, broadband Internet connection and wireless router.

Must meet the monthly requirement of depositing $ 10 or more every month to receive qualifying rate

The qualifying rate is determined by Upstart's underwriting process by taking into account credit score and other data points.

This is still much higher than the current qualifying rate of 4.64 %.

Your Gross Debt Service Ratio must be less than 39 % and your Total Debt Service Ratio can not be higher than 44 % based on the higher of the Bank of Canada qualifying rate or the customer «s mortgage rate.

Any material changes to the request post January 1st may require re-adjudication using updated qualifying rates.

Approved applications closing before or beyond January 1st will remain valid; no re-adjudication is required as a result of the qualifying rate update.

OSFI is setting a new minimum qualifying rate, or «stress test,» for uninsured mortgages (mortgage consumers with down payments 20 % or greater than their home price).

The rules now require the minimum qualifying rate for uninsured mortgages to be the greater of the five - year benchmark rate published by the Bank of Canada (presently 4.89 %) or 200 basis points above the mortgage holder's contractual mortgage rate.

Qualifying rate is a must follow for the banks but for the credit unions it is a different story.

It took the lenders about a month to reduce the qualifying rate to 5.19 % — since the last rate drop — in response to a bond yield drop.

It is just a matter of time before the big banks start to lower their qualifying rate a.k.a. Posted Rate.

Since last November the difference between Government of Canada 5 year benchmark bond yields and posted rate (qualifying rate) have never been so high.

At the same time raising 5 year bond yield shows a raising mortgage interest rate (with qualifying rate went up to 5.44 % already).

Normally a five years fixed term does not need to satisfy the qualifying rate requirement but many short - term fixed rates do ask for qualifying rate check.

Bank of Canada finally jacked the qualifying rate long after TD and RBC raised their posted fixed rates last month.

It is not the bond market that is real driving factor for the qualifying rate but it is business volume that drives qualifying rates.

This rate mainly affects all the qualifying rates.

Apart from maintaining the target for the overnight lending rate, the bank also sets the qualifying rate.

As you likely are aware, most lenders have been using some form of a stress test for quite some time, wherein buyers were being qualified at a qualifying rate well above their borrowing rate — recently changed from 4.64 % to 4.99 %.

Many option ARMs offer low introductory teaser rates which allow you to pay extremely low initial monthly home mortgage payments and low qualifying rates enable you to qualify for more home.

In between (March and November 2013 while the rate was at 5.14 %) bond yields went up and down many times but the qualifying rate did not budge.

Well, now an unknown factor has knocked off the qualifying rate down back to 5.19 % again.

That can be resolved by lowering the qualifying rate.

Qualifying rate influences your home buying process.

Various lenders have different policies when it comes to qualifying rate but exceptions can be obtained depending on the case.

The central bank qualifying rate is separate from the actual mortgage rates offered by banks, but is used to assess homebuyers who are seeking loans

Bank of Canada changes its qualifying rate each week, today the qualifying rate has dropped down to 5.29 %!

Right now, the Qualifying Rate, set by the Bank of Canada is at 4.64 % and closely resembles the average posted five - year fixed rates from most Canadian lenders.

If multiple big banks lift their posted five - year fixed rates, the «benchmark qualifying rate» goes up.

If the qualifying rate does jump in the next week or two, peoples» buying power will drop anywhere from 1 to 3 per cent (depending on how high it goes).

Under current Canadian mortgage qualification rules, home buyers can only get a mortgage if their debt - ratios show that they can make payments based on the Bank of Canada's qualifying rate.

Thing is, the contract rate is the equivalent of a discount rate — and, at present, about 200 basis points below the stress - test mortgage qualifying rate.