Determining the customer has sufficient emergency funds

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Reference no: EM133121136

As it relates to mortgages, stress testing refers to:

Determining if the customer has sufficient emergency funds available

Customer's ability to qualify for a mortgage if their income was lower

Customer's ability to qualify for a mortgage at a higher interest rate

Having an assessment done to see if the customer would be stressed out if they had a mortgage

Reference no: EM133121136

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