Thukral RealEstate
Windsor, ON, Canada N9A Windsor, ON, Canada

CANADIAN HOME OWNERSHIP TIPS => YOUR MONTHLY EXPENDITURE FOR A SINGLE-FAMILY HOME (MORTAGE PAYMENT, PROPERTY TAXES, HEATING EXPENSES) SHOULD BE NO MORE THAN 32% OF YOUR OF YOUR AVERAGE GROSS MONTHLY INCOME (BEFORE TAXES). CMHC RESTRICTS HOME BUYERS TO A 35% GDS (GROSS DEBT TO INCOME) RATIO TO QUALIFY BUYERS FOR AN INSURED MORTGATE. => CMHC ALSO APPLIES 42% TDS (TOTAL DEBT SERVICE) RATIO RULE FOR INSURED MORTAGE APPROVAL. YOUR TOTAL DEBT INCLUDES... o HOUSING COSTS CALCULATED FOR GDS + CAR LOANS, CREDIT CARD PAYMENTS, LINE OF CREDIT AND OTHER MORTGAGE PAYMENT STAY TUNED FOR WEEKLY TIPS.. REFERENCE https://www.cmhc-schl.gc.ca/

Wishing Happy and safe Holidays to all!

I am looking forward to this new and exciting career