Stress Test / Affordability Tool — CMA Help Center

Stress Test / Affordability Tool

How to you use the Stress Test Tool to calculate your Affordability?

The Stress Test tool helps you find out the maximum loan you can afford to borrow.All is required is your annual income and you'll be able t...
* How to choose the correct Stress Test Rule

The Stress Test Rule depends on your mortgage goal and based on your goal, you will be qualified with a different stress test rates.For exam...
* Stress Test Rate

The new 2018 rule requires you to be qualified on a specific rate (stress test rate), this rate is sometimes greater than your contract rate...
When do you need to use Bank of Canada's (BOC) posted rate to determine your affordability?

If you are planning to put less than 20% down payment, you need to use the BOC's posted qualifying rate or the contract rate, whichever is g...
What is the difference between Good and Excellent Credit?

According to our sources, one of them being credit reports from Equifax Canada, the following is the definition of the credit score mapping....
What is Rental Income & Offset?

Rental income is the monthly fee that a homeowner charges an individual (tenant) for occupying space in their property. For instance, if you...

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