By now, you have probably heard about the Stress Test requirements and how those affect your budget. However, what you may not know is that not all lenders follow the same guidelines. There is a chance we can increase your budget, while also getting you a lower interest rate then your bank.
Some lenders have more flexible affordability calculations and can include more sources of income towards calculating your budget.
Other lenders may not be required to apply a stress test at all.
The first step is having a quick call to discuss your needs and outlining our process to helping you buy your first home.