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Stories Tagged - Total Debt Service
News
June 10, 2020 | Tyler Difley
CMHC tightens lending requirements for insured mortgages
Canada Mortgage and Housing Corporation (CMHC) is changing its underwriting policies for insured mortgages.
Starting July 1, new applicants for CMHC's mortgage default insurance will have to meet the following criteria:
Starting July 1, new applicants for CMHC's mortgage default insurance will have to meet the following criteria:
News
May 02, 2018 | Gerald Vander Pyl
Crunching the numbers
How much home can you afford?
Shopping for the home of your dreams requires knowing how much you can afford to spend, which for most buyers ties directly into a mortgage.
Financial institutions in Canada look at a buyer's Gross Debt Service (GDS) and Total Debt Service (TDS) ratios to help determine how much mortgage to approve, and therefore, how much home a person can afford.
Shopping for the home of your dreams requires knowing how much you can afford to spend, which for most buyers ties directly into a mortgage.
Financial institutions in Canada look at a buyer's Gross Debt Service (GDS) and Total Debt Service (TDS) ratios to help determine how much mortgage to approve, and therefore, how much home a person can afford.
