Welcome to my Mortgage Blog - Vick Sahota
GDS/TDS and How They Affect Your Mortgage Qualification
When it comes to securing a mortgage, there are two important financial metrics that lenders carefully consider to determine your qualification, Gross Debt Service (GDS) and Total Debt Service (TDS). Let's go into these concepts and explore their impact on your mortgage qualification.
Demystifying Mortgage Insurance in Canada: What Homebuyers Need to Know
When it comes to purchasing a home in Canada, navigating the intricacies of mortgage insurance is a crucial step for many prospective buyers who do not have sufficient funds for a 20% down payment. Understanding the ins and outs of this financial safeguard can help you make informed decisions and pave the way towards successful homeownership. In this blog post, we’ll delve into the essentials of mortgage insurance in Canada, shedding light on its significance, providers, costs, and differences from mortgage life insurance.