Search results

Without looking at any of the NCCP legislation (I'm tired enough right now), my understanding has always been that for regulated lending (essentially residential), NCCP applies. In turn this means that it must be verified that the borrower has the capacity to pay the mortgage. The borrowing...

No doc loans still exist! I wrote one a few weeks ago, super easy! It was for a commercial property. They don't exist residential space for the NCCP related reasons previously stated.