Sentences with phrase «pass new stress tests»
The reactors must pass new stress tests as a condition of restarting and in some cases make heavy investments in additional tsunami barriers.
https://www.scientificamerican.com/
If a first - time homebuyer doesn't pass the new stress test, they have three options, says Laird.
If your mortgage is coming up for renewal, you'll need to pass the new stress test if you decide to switch lenders (that's because you'll be treated as a new borrower and requalify).
Not exact matches
That follows a new rule introduced last fall which requires borrowers who put less than 20 % down to pass a similar stress test.
Under the new rules all insured mortgages must pass the stress test.
On January 1, 2018 additional new rules were implemented that also required a «stress test» for uninsured mortgages (so even if you have a down payment of more than 20 %, you must pass the stress test to qualify for a mortgage from a big bank).
«Newly introduced mortgage regulations mean that starting January 1st, all home buyers applying for a new mortgage will need to pass a stress test to qualify for mortgage financing,» he stated.