Some quick math for mortgage payments! $58/ month per $10K mortgage amount $581/ month per $100k mortgage amount $1,163/month per $200k mortgage amount $1,744 / month per $300k mortgage amount $2,326/ month per $400k mortgage amount Based on a 25 year amortization with interest rates hovering around 5%. Mortgage Sisters West mortgage brokers are your … Continue reading Quick Mortgage Math
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The changes announced in this blog, have been postponed. With the impact on the economy from COVID-19, the regulators have decided to wait on any changes. It is worth to note that at this time the Stress Test has lowered with most mortgage lenders and today (March 31st, 2020) it is currently 5.04%. Previous post … Continue reading POSTPONED- Changes to the Mortgage Stress Test