In a previous blog, I covered the basics on the GDS (gross debt service) and TDS (Total debt service) ratios.  Rental income is treated differently from your regular gross income earnings. How rental income is calculated Continue reading →

Debt ratios are fundamental to mortgage approval. The purpose of the ratio is to assess whether you, the borrow, can service your existing debt plus the new debt that you are applying for. The typical mortgage lender expects Continue reading →

Sept 4, 2012. If you’re seeking a home equity line of credit (HELOC) or readvanceable mortgage equalling 66%-80% of your home’s value, it would be wise to act soon. Rumour has it that some banks may start cutting back on their HELOC lending limits this month. This move relates to Continue reading →