Just how much must i borrow for home financing if I’m notice-employed?
- Maximum LTV/Minimal Advance payment: You could potentially borrow around a good 90% loan-to-really worth (LTV), otherwise create an advance payment as little as 10%.
- Maximum Amount borrowed: From inside the Toronto, Vancouver, and Calgary, you can use to $750,100000. In the remainder of Canada, you might obtain doing $600,one hundred thousand.
- Minimal Credit rating: The minimum credit history needed try 650 if you make a beneficial down-payment higher than 20%. If not, the minimum credit score are 680.
- Limit Loans Solution Ratios: In the event the credit rating is between 650 and 680, maximum GDS was thirty-five% together with limit TDS try 42%.Leggi tutto »Just how much must i borrow for home financing if I’m notice-employed?