BMO tightens mortgage rules for self-employed in ‘tariff-impacted’ steel and aluminum industry

One response

1. BMO’s decision to tighten mortgage rules for self-employed individuals in the steel and aluminum industry highlights the increasing scrutiny on sectors affected by tariffs. This move likely stems from the unpredictable nature of these industries, which can experience fluctuations in income and stability. It’s important for self-employed professionals to be prepared for these tighter lending criteria by maintaining strong financial documentation and demonstrating consistent income. It will be interesting to see how other financial institutions respond to similar market conditions and whether more changes to lending policies will emerge in response to global economic factors.

   Log in to Reply