Big News: Easier Mortgage Switches at Renewal!
Moe Hasham
15+ years as a mortgage broker. Expertise in mortgages, self-employed financing, and more.
??416.500.4381
Welcome to this edition of Mortgage Mastery! Today, we’re diving into an exciting update from OSFI on stress tests for uninsured mortgages. This change could open up new opportunities for your clients at renewal, giving them more flexibility and access to better mortgage rates. Let’s explore how this can benefit your clients and help them save more in the long run!
Starting this November, the Office of the Superintendent of Financial Institutions (OSFI) will no longer require borrowers with uninsured mortgages to pass the stress test when switching lenders at renewal. This update levels the playing field and opens up opportunities for your clients to secure better rates without the hassle.
What Does This Mean for You and Your Clients?
?? Goodbye to the Stress Test: Your clients can now switch lenders at renewal without the extra stress test burden, saving them time and unlocking more competitive rates.
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?? New Possibilities: If they’ve been stuck with their current lender due to the previous rules, now they have more flexibility to explore better mortgage offers.
Partner With Me to Get the Best Deals
As your mortgage expert, I’m here to help your clients take full advantage of this OSFI update. Let’s work together to ensure your buyers get the best mortgage terms possible at renewal. Whether it's switching lenders or exploring new options, I’m ready to provide expert guidance. Contact me today!
Next Steps:
P.S. Wishing you a wonderful and restful Thanksgiving! I want to take a moment to express my gratitude for your continued trust and partnership. Thank you for being such an important part of my journey, and I look forward to many more successful collaborations! ??
Thank you for reading today’s edition of Mortgage Mastery! I hope the details on OSFI’s stress test update offer valuable insights for helping your clients navigate mortgage renewals with ease. Want to stay informed on the latest mortgage trends and tips? Subscribe now and be the first to know about key updates that can help your clients thrive!