Tiffany and Dwayne V. live in Ottawa and were looking to upgrade their home. They live in a townhouse and want to move to a larger home that has an extra suite to accommodate her parents.

They have good credit and always make their payments on time. Tiffany is a registered nurse but does carry a student line of credit with a payment set up.

Under the new rules, they don’t currently qualify for the five year fixed rate, and can’t get into a new home with her payments. If they could use the five year discounted rate to qualify, they would.

Now the only option for the couple is to pay down the student line of credit before they can move again.