Grover Mortgage Group

Category: mortgage broker

Grover Mortgage Group’s blog is designed to give you clear, practical answers at every stage of homeownership. For first-time home buyers, it breaks down how much you can afford, minimum down payment requirements, and the government programs that could save you thousands before you start house hunting. It also explores mortgage refinancing, showing how to put your home equity to work for renovations, debt consolidation, or securing a better rate.

Mortgage Oakville

How This New Mortgage Rule Could Affect You

February 26, 2021

On July 1, 2020, Canada Mortgage Housing Corporation (CMHC) increased it’s minimum required beacon scores for applicants from six hundred to six hundred and eighty. However, co-applicants now have no minimum beacon score. Moreover, the corporation has decreased its maximum GDS/TDS ratios to 35/42, respectively. CMHC made this change to prevent a housing bubble as they are forecasting a nine

Read More »
Scroll to Top