22 Jul

How to Get a Mortgage as A Self-Employed Canadian

Mortgage Tips

Posted by: Michael Greene

You may not fit in the neat boxes at the bank. At Mortgage With Mike we don’t have boxes, we have solutions! Self-employment is becoming more and more popular amongst Canadians, who account for 15% of the population according to Statistics Canada. We have an entrepreneurial spirit and are very hard working. The problem is […]

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15 Jul

Mortgage Debt Ratios: Basics of GDS & TDS

Mortgage Tips

Posted by: Michael Greene

How are GDS and TDS calculated? You may use a mortgage calculator to determine your qualification when applying for a mortgage, it will give you have an idea of where your GDS/TDS mortgage debt ratios line up. But when applying for a mortgage first step, lenders will use the “Five C” rule when analyzing someone’s […]

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