Mortgage qualification boosters you probably weren't aware of

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. Key points: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 killerMortgage Approval Pro Tip #3: Avoid using CMHC if you want to qualify for the absolute maximum mortgageMortgage Approval Pro Tip #4: Be aware of non-income qualification boosterslisten to the complete episode for more details!ALSO INCLUDED: an Marko-Gelo-Garage-Band creationMarko Gelo Garage Band Sessions: (produced and performed my Marko)"Cheap Money" ...intro song (0:41)"GeorgeQ" ...outro song, full version (1:57)all instrument and vocal tracks performed by Marko Gelomusic tracks arranged and produced by Marko GeloContact Marko, he's a Mortgage Broker:604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comhomefinancingsolutions.caApply for a MortgageFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by MarkoClick Here to download Marko's Mortgage App (information, rates, calculators, etc) Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

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. Key points: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 killerMortgage Approval Pro Tip #3: Avoid using CMHC if you want to qualify for the absolute maximum mortgageMortgage Approval Pro Tip #4: Be aware of non-income qualification boosterslisten to the complete episode for more details!ALSO INCLUDED: an Marko-Gelo-Garage-Band creationMarko Gelo Garage Band Sessions: (produced and performed my Marko)"Cheap Money" ...intro song (0:41)"GeorgeQ" ...outro song, full version (1:57)all instrument and vocal tracks performed by Marko Gelomusic tracks arranged and produced by Marko GeloContact Marko, he's a Mortgage Broker:604-800-9593 direct Vancouver403-606-3751 direct Calgarymarkogelo.comhomefinancingsolutions.caApply for a MortgageFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by MarkoClick Here to download Marko's Mortgage App (information, rates, calculators, etc) Hosted on Acast. See acast.com/privacy for more information.

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This episode was published on July 13, 2020.

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