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In following our commitment to providing current product information for our clients, MyMortgage.ca is pleased to announce the following changes to insurer’s guidelines for borrower qualifications (GDS/TDS).

Benefits
Provides Home ownership for a new segment of the market.

Eligibility Requirements:

  • TDS/GDS ratios of 42% and 35% respectively are acceptable for high ratio insured mortgages for applicants with a  credit score < 680.
  • TDS/GDS ratios of 44% and N/A respectively are acceptable for high ratio insured mortgages for applicants with a  credit score >680+.
  All Products
  All Products
Bureau Score < 680   ≥ 680
TDS 42%   44%
GDS 35%   N/A

 

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Have a mortgage question?

The number of mortgage financing products available to Canadians has expanded rapidly over the past few years. Call to find out which financing option is best suited to your circumstances.

MyMortgage.ca - Calgary Mortgage Broker
Phone us toll-free @ 1-866-509-1090 for more information.