Sentences with phrase «qualify for that new mortgage based»
Not exact matches
An example of what this means, a borrower with an annual income of $ 100,000 would have qualified for a mortgage of $ 600,000 based on the old rules, however once the new policy is in effect, the qualified mortgage amount drops down to $ 450,000, which reduces the affordability by $ 150,000 (these numbers are approximate only).
http://www.loanbox.ca/
No different than mortgage current qualifying or for buying a new vehicle, (you either quality according to the grid or you don't, period; and the way CRA determines how much tax you owe based on assessment adjustments: forever that «grid - pattern» has already been in place for many years.