Back to Home PageWelcome Guest! Register | Login | Home | Contact Us | Site Map | Advertise | FAQ | Search
Canadian Desi

  Canada Immigration Forum > About Canada > Real Estate & Mortgages > CURRENT MORTGAGE RULES
Last Post | Newest Post
< [ 1 ] >


Hello CD friends,
Any one, expert in the field of mortgage, what are the current income requirements for new mortgages?
In the event of an individual paying 60% upfront, of the cost of the property, what shall be the minimum income required to borrow for the next 40 % of balance cost of the property?


Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.


Senior Desi
Member since: Jul 04
Posts: 1039
Location: Woodbridge

Post ID: 237551 22-02-19 13:11:42
Report Abuse
Member since: Dec 07

Posts: 66

As a general rule you should never borrow more than 3X of your income. I personally like to say 3X of your net income.

If you borrow more than that you are highly leveraged.

Post ID: 237696 03-04-19 10:24:40
Report Abuse
< [ 1 ] >
Show Printable version
Send this page to a friend
Add to favorites

Please Contribute!
Write an Article
Send Community News
Create Photo and Video Albums
Submit Good Pictures
List Useful Websites
Post Jobs
Submit Events
List for FREE!
Social Organizations
Religious Places
Employment Agencies
Email Page
Your Email
Friend\'s Email

Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions

Site designed, developed and maintained by Marg eSolutions Inc.