Guide To Commercial Mortgage Stress Test For Newcomers in Canada | SSM
Are you planning to apply a commercial mortgage? If yes, you need to know about the commercial mortgage stress test and its role in mortgage approval procedure. The stress test helps lenders assess the risk involved in approving a loan by assessing your ability to make mortgage payments, especially if the interest rate rises. In order to make informed and calculated decisions regarding your commercial real estate investment, it’s important to have a thorough understanding of the commercial mortgage stress test and expert guidance from a commercial mortgage broker in Abbotsford. This blog post provides newcomers to Canada with a complete overview of the commercial mortgage stress test, its qualifying requirements, and effects on your mortgage application.
