(July 13, 2020) Why is it that banks differ in how much mortgage they approve you for? Even though all banks use the same qualification formulas, there are some banks that have additional boosters that can propel you to higher qualification amounts.
The following is discussed in this episode:
Mortgage Approval Pro Tip #1: Down Payment and Amortization affect your maximum mortgage amount
Mortgage Approval Pro Tip #2: After income, debt is the next major mortgage qualification killer
Mortgage Approval Pro Tip #3: Avoid using CMHC if you want to qualify for the absolute maximum mortgage
Mortgage Approval Pro Tip #4: Be aware of non-income qualification boosters
listen to the complete episode for more details!
ALSO INCLUDED: a Marko-Gelo-Garage-Band creation
Marko Gelo Garage Band Sessions: (produced and performed my Marko)
“Cheap Money” …intro song (0:41)
“GeorgeQ” …outro song, instrumental version (1:57)
all instrument and vocal tracks performed by Marko Gelo
MarkoMusic (SoundCloud Account)…all podcast music tracks are performed and produced by Marko
Non-Income Mortgage Qualification Boosters
Summary
(July 13, 2020) Why is it that banks differ in how much mortgage they approve you for? Even though all banks use the same qualification formulas, there are some banks that have additional boosters that can propel you to higher qualification amounts.
The following is discussed in this episode:
Mortgage Approval Pro Tip #1: Down Payment and Amortization affect your maximum mortgage amount
Mortgage Approval Pro Tip #2: After income, debt is the next major mortgage qualification killer
Mortgage Approval Pro Tip #3: Avoid using CMHC if you want to qualify for the absolute maximum mortgage
Mortgage Approval Pro Tip #4: Be aware of non-income qualification boosters
listen to the complete episode for more details!
ALSO INCLUDED: a Marko-Gelo-Garage-Band creation
Marko Gelo Garage Band Sessions: (produced and performed my Marko)
“Cheap Money” …intro song (0:41)
“GeorgeQ” …outro song, instrumental version (1:57)
all instrument and vocal tracks performed by Marko Gelo
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