FAQ

Mortgage 101

• What Is Gross-Debt-Service (GDS) Ratio?
• What Is Total-Debt-Service (TDS) Ratio?
• What Are Closing Costs?
• What Is A Pre-Payment Penalty?
• What Is Loan-To-Value (LTV) Ratio?
• What Is Mortgage Insurance?
• What Is The Stress Test Rate?
• What Is The Interest Adjustment Date?
• What Is A Collateral Charge Mortgage?
• What Is A Standard Charge Mortgage?
• Do I Need An Appraisal?
• What Is A Home Equity Line of Credit (HELOC)?
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Credit

• Do You Need My Credit Score?
• How Does My Auto Loan Affect My Qualification?

Down Payment

• Can I Use My RRSP For My Down Payment?
• Can My Parents Gift Me My Down Payment?
• What Is The Minimum Down Payment On A Rental Property?
• What Is The Minimum Down Payment to Buy?

Income Docs

• Pay Stub Dated Within 30 Days
• What Does My Letter of Employment Need To Say?
• What Is A Notice Of Assessment?
• What Is A T1 General?
• What Is A T4 Tax Slip?

Regulatory News

• What Is The BC Speculation Tax?