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Total Debt Service and Gross Debt Service Ratios

Mortgage lenders are always on the hunt for new customers. However they also wish to avoid bad debts and costs of foreclosures. They need to be seen as impartial regardless of an applicant’s particular demographic. Their decisions are therefore data-driven and based...

Working with a Mortgage Broker Versus a Large Bank

There’s truth in the theory a butcher will promote the meat cut they have most. It is also highly probable a mortgage bank clerk will tell you their offering outperforms any other. As might be expected, there are arguments for and against using mortgage brokers. We...

Real Estate Mortgage Lending in Canada

A mortgage is a type of loan that real estate owners use to purchase fixed property, or improve what they already own. A lien over the property secures a mortgage loan, by allowing the lender to take possession of it if the borrower defaults on their payments. The...