Question about stress test calcuator
Hi all
I am trying to find out the qualifying amount based on income.
Is the rate they use consists of Fixed rate (5.25) plus (2%)?
or the interest rate you negotiate with your lender plus 2%?
I've just been using this one off the government
https://itools-ioutils.fcac-acfc.gc.ca/ ... c-eng.aspx
I am trying to find out the qualifying amount based on income.
Is the rate they use consists of Fixed rate (5.25) plus (2%)?
or the interest rate you negotiate with your lender plus 2%?
I've just been using this one off the government
https://itools-ioutils.fcac-acfc.gc.ca/ ... c-eng.aspx