Genworth Acting with Great Care.

The federal government is considering a new mortgage rule where clients who take out variable rate mortgages must be qualified based on a higher interest rate, according to the Globe and Mail. This is a practice Genworth Financial already has in place.

Details of this highly important story

CMP Magazine

In my opinion we need to use slightly tighter guidelines where variable rate mortgages are concerned.   Government intervention to legislate higher down payment requirements will only serve to keep First Time Buyers out of the marketplace completely. Check out our best rates below.

A Happy Valentine's & Family Day to all!

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Elfie Hayes

Lowrate.ca

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** Interest Rates are provided for information purposes only and are subject to change at any time without notice.  The products listed above are available only in Canada to Canadian residents.  Rates shown are for single-family residential properties only and are subject to meeting all lender credit granting criteria. Rates shown above may be specific to the sender and some conditions may apply.  E&EO

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