Debt-to-Income Ratio and Why it Matters
What is a Debt-to-Income Ratio? Your debt-to-income ratio (DTI) is a numerical representation indicating how responsible you are with your finances and is used to determine the amount of risk you pose as a potential borrower. This means that lenders will be able to assess your debt load, income and history of debt repayment by … Continued
The Niagara Region Homeownership Program
Homeownership in the Niagara Region 2022 has been a difficult year for many Niagara residents who are trying to achieve homeownership. In many cases, homeownership is out of reach for many people in Niagara as the prices of homes go up while wages stay stagnant. So what are Niagara residents to do in this day … Continued
Should You Be Considering Alt-Lending Options in 2022?
Why are many Canadians considering alternative lending options? Alternative Lending (alt-lending) is a quick and convenient solution for many Canadians looking to purchase their first home in 2022. While traditional banks have strict requirements and long application processes, alt-lenders can typically provide loans much quicker and easier. Acquiring loans for mortgages and refinancing from traditional … Continued