Mortgage Suitability for a Debt Consolidation Mortgage – Analysis of Ontario Case, K. Banx
A suitability analysis should explain why a mortgage makes sense for the borrower,not just whether a lender will approve it. Does it solve the problem the borrower came in with? Are the payments manageable? Are the costs justified? And how will the borrower repay it? The mortgage described in the Financial Services Regulatory Authority of […]