Date Posted: February 22, 2019
Over the past year, qualifying for a mortgage has become more challenging. The millennial generation and single individuals particularly are finding it the toughest.
The stress test coupled with higher interest rates are where many potential buyers tend to hinder purchasing power. This may be where a parent is willing to co-sign for the mortgage. Eliminating outside debt will help getting ratios inline to qualify.
Wondering where you may stand in terms of purchasing a home? Contact your Mortgage Broker today to get all the information.