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Mortgage stress test explained: Can you actually afford your next home?
How does the mortgage stress test affect your ability to buy a home? In this episode, we talk with Mujtaba Syed, Manager - Mobile Mortgage Specialist with TD Canada Trust and explore how the stress test is applied for those who put more or less than a 20% down payment. We review how it impacts variable/fixed-rate mortgages and more...
Prefer to watch the video or read and take notes? See the transcript:
https://stories.brookfieldresidential.com/homebuyersschool/mortgage-stress-test-explained