When it comes to applying for a mortgage, there are two important numbers that your Mortgage Broker will pay attention to when qualifying you for the mortgage. These are your Gross Debt Service, or GDS, and Total Debt Service, or TDS, ratios. They are commonly referred to as the debt servi...
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Blog tagged as Conventional
If you're considering taking the big step towards homeownership, it's essential to understand what's involved when it comes to your finances. When purchasing a home, you'll need to make a down payment. This down payment is the initial amount of money you pay towards the total purchase price of the h...
21.06.24 05:17 PM - Comment(s)
So, you're thinking about refinancing your mortgage? Well, let me break it down for you. Refinancing your mortgage can be a great way to potentially save money, but like anything in life, there are pros and cons to consider. Let's start with the pros. One of the biggest advantages of refi...
29.05.24 02:27 PM - Comment(s)
Sure, let's dive right into the topic of mortgages and specifically look at the differences between insured, insurable, and uninsurable mortgages. First, let's start with what an insured mortgage is. An insured mortgage is a type of mortgage that is backed by mortgage insurance. Mortgage insurance i...
22.04.24 02:44 PM - Comment(s)
