Canada: Alternative lenders are viable—if much riskier—options for consumers
Hopeful home buyers who fail to qualify for their desired mortgages under the stricter “stress test” can still go for smaller financial companies not backed by mortgage insurance—provided one is prepared for rates much higher than the Bank of Canada’s 5-year posted rate of 4.64 per cent. Read more on: www.canadianrealestatemagazine.ca
Source : Canada: Alternative lenders are viable—if much riskier—options for consumers