Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the ...

The Office of the Superintendent of Financial Institutions (OSFI) will no longer require banks to apply the mortgage stress test on borrowers who switch lenders if they are simply renewing their ...

Canada’s banking regulator will no longer require banks to apply the mortgage stress test to borrowers planning to switch lenders. The Office of the Superintendent of Financial Institutions ...

Who was the first person that used technology? Moses. He had two tablets that were connected to the cloud.” Technology is a ...

Mortgage trends for 2024 Here are the current mortgage interest rates and their projected course for the rest of the year. As of September 30, the average annual percentage rate (APR) for a 30 ...

The best mortgage refinance companies charge low interest rates and fees, and they often have unique perks for customers.

This change will make it easier for borrowers to switch lenders at renewal without having to prove they can afford their mortgage at a higher rate. The stress test, introduced in January 2018 under ...

Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's ...

More than three-quarters of homebuyers took out a mortgage to finance their purchase in 2023, according to the National Association of Realtors. There's an army of lenders out there ...