Category: Qualification

Parental leave does not automatically rule out a mortgage. Learn what income a lender may use, which documents to prepare and what to ask before making an offer.

A car loan can affect your mortgage qualification, but it does not automatically stop a home purchase. See how the payment changes a simple debt-ratio example.

Can rent from a suite or rental property help you qualify for a mortgage? Learn how the calculation and documentation can differ in Canada.

Self-employed and planning a home purchase? Learn which income and business records lenders may ask for, including if your business is newer.

Student loans do not automatically block a Canadian mortgage. See how monthly payments affect qualification and what to compare before paying a loan down.

New to Canada? Learn how immigration status, credit, income, down payment and Ontario purchase rules affect mortgage qualification.

Learn how GDS and TDS ratios affect mortgage qualification in Canada, what costs count, and why other debts can reduce your buying budget.