Equity New Construction Pre-approval Pre-qualification 
Housing Wire
MARCH 22, 2024
Get pre-approved with a local lender. Yes, many buyers will hop online and get a generic pre-approval letter. Many lenders will even be proactive and call the listing agent when the offer is submitted to “sell” the buyer and their qualifications. They will no doubt build plenty of equity over the next few decades.
Toronto Realty Blog
MARCH 25, 2022
The group also wants first-time homebuyers to have access to mortgage terms of up to 30 years for insured mortgages and recommended making mortgage qualification stress tests consistent for both insured and uninsured mortgages, setting the stress test level to two percentage points above the contract rate. “To March 23, 2022. municipalities.
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