Blog categorized as Mortgage Qualification

OSFI is removing the stress test for uninsured mortgage switches on Nov. 21, making it easier for borrowers to shop lenders and secure more competitive renewal rates.

Self‑employed borrowers face unique income challenges. Learn how lenders assess BFS income, required documents, down payment rules, and the programs available to help you qualify.

Co‑signing a mortgage creates a bare trust, making you a legal owner and now requiring T3 filing—even when no income is earned. Learn what CRA’s new rules mean for you.

GDS and TDS ratios determine whether you can afford a mortgage. Learn how they’re calculated, the stress test rules, and the max limits lenders use.