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When it comes to mortgage underwriting, amongst other things, Canadian banks assess risk based on the likelihood that the borrower will go bankrupt in the future. Concern for bankruptcy has heightened in the midst of the current credit and financial crises. According to the Office of the Superintendent of Bankruptcies, consumer bankruptcies through October 2008 are at their highest rate since 1997's all-time high.
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Find ON real estate agents and Hamilton real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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