This blog discusses what to do if you have failed the mortgage stress test in Canada. The article explains what the mortgage stress test is and how it works, and offers practical tips for homebuyers who may be struggling to qualify for a mortgage. It also discusses alternative financing options, such as private lenders and credit unions, that may be available for those who do not qualify for a traditional mortgage. Written by Axess Law's experienced real estate lawyers, this article is an essential read for anyone who wants to understand their options for obtaining a mortgage in Canada.
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