Blog tagged 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.

The federal government introduced major mortgage reforms, including 30‑year insured amortizations and a higher $1.5M insured purchase cap. Here’s what buyers need to know.

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.

Alternative lenders offer flexible mortgage options for borrowers who don’t fit traditional bank guidelines, including self‑employed clients and real estate investors.

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.