As new mortgage qualification rules are introduced which are forcing many individuals to sell their homes, Alternative loan is looking to prevent this action. MP Tom Kmiec said “the test is making life difficult for anyone refinancing a mortgage and that a stress test of two percentage points is too high”. Especially in a year where nearly 50% of mortgages are being refinanced. Too learn more visit:
http://nationalpost.com/news/politics/liberal-mps-torpedo-request-to-study-effects-of-two-percentage-point-mortgage-stress-test