Saskatoon Mortgage Broker: Tammy Wandzura: How your income vs debt is calculated for mortgage approval

Wonder how we calculate your income vs debt service ratio's? Wonder why a friend of colleague can qualify for a bigger mortgage than you? Your final mortgage approval all comes down to Income vs Debt Service Ratio "TDS" Many consumers assume that if they can afford their rent the banks should easily approve them for [...]

2019-08-19T22:06:47-06:00June 17th, 2015|

Saskatoon Mortgage Broker: Tammy Wandzura: It’s Offical the CMHC premium has increased

It is official the Mortgage Default Insurance premium has increased effective today June 1/2015 for those buyers looking to put down less than 10% The premium has increased from 3.15% to 3.60% All 3 insurers; CMHC, GE and Canada Guaranty have adopted the new increase for June 1/2015. The increase really does not reflect as [...]

2019-08-19T22:06:47-06:00June 1st, 2015|