Mortgage Financing Is Becoming More Difficult

There has been a lot of legislation since 2008 that has come down to tighten mortgage financing.  

What most people don't realize, is a large portion of it only applies to federally regulated lenders.

Provincially regulated lenders such as credit unions have not been exposed to these regulations (as much).  

So, what's the problem?

Well, the credit unions are now jammed with deals that the federally regulated lenders can't touch.  

This does 2 things:

1. Underwriting can take a month + 
2. Higher rates

What's the solution?

Plan for your specific situation, relative to the type of property you want to purchase. 

Who does this for you? ... Me.  Reach me directly at 604-779-4249 - I am always here to assist you.