Helping your clients understand Gross Debt Servicing (GDS) and Total Debt Servicing (TDS) can guide them in determining what they can afford, how to qualify for RFA loans, and how to optimize their borrowing power. Gross Debt Servicing (GDS) GDS is the percentage of a borrower’s gross monthly income (before taxes and deductions) that goes […]

🏡 Key Features in Ontario: Eligibility: Must be 55 years or older (if there are two homeowners, both must be 55+). Home ownership: You must own your home and live in it as your primary residence. Loan amount: You can usually borrow up to 55% of your home’s appraised value. No monthly payments: Interest is […]

A Beginner’s Guide to Mortgage Basics in Ontario, Canada Purchasing a home is an exciting milestone, but it can also be overwhelming, especially when navigating the complexities of mortgages. If you’re in Ontario, Canada, and looking to buy your first home or understand the basics of mortgages, this guide is for you. Let’s break it […]