Approval criteria when granting a mortgage
Following the last economic crisis, the real estate market seems to be on the mend, though at a very slow pace. Banks are once again granting mortgages, albeit more cautiously (no longer do they finance 100% of the total value of the property, and nor do they offer such long repayment periods).
In the current climate, we may be in for a long wait if we ask our bank for a mortgage loan to purchase a home.