Thread: Mortgage Broker
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Old 03-02-2017, 08:25 AM   #184
MillerTime GFG
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Join Date: Feb 2010
Location: Mckenzie Towne
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"How to buy a home the right way"

http://www.cbc.ca/news/business/cmhc...date-1.4002973

Includes the CMHC free guide to buying a home. Rent vs. ownership, home affordability, up-front costs of owning, etc.

Note the debt servicing ratios of 32% (GDS) and 40% (TDS) for CMHC are actually well below what they will allow, at 39 and 44% respectively. However, a few financial advisors I work with like to use 32/40 for their clients. It's important to find the right range for you and your lifestyle.

Last edited by MillerTime GFG; 03-02-2017 at 08:30 AM.
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