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.
Navigating the Canadian Mortgage Stress Test: What You Need to Know
In 2016, the Canadian government introduced a significant financial safeguard for borrowers - the stress test. This measure aims to ensure stability in the housing market and protect borrowers from potential economic fluctuations. In this blog post, we’ll cover the details of the stress test, its implications, and explore some alternatives for those looking to navigate this requirement.