Mortgage changes are coming…
Stress test is rising from 4.79% to 5.25% thus reducing your buying power by almost 10%.
On $700,000 bank approval with 20% down, after June 1st your approval will be $630,000 with 20% down.
Have questions on how this will effect you as a buyer? Or as a seller? DM us and we can explain where you stand and navigate you properly. We have been through many changing markets, experience matters.