How to get over Debt to Income Ratio

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  • Calgary, AB · Member since 2021 · 327 posts · 176 votes
    3y
    Quote from @Zach L.:

     You have to go commercial lending or get a private or creative financing deal. Most institutional lenders will have debt to income ratio requirements. 

  • Realtor · Calgary, Alberta · Member since 2018 · 291 posts · 132 votes
    3y
    Quote from @Zach L.:

     We would need a bit more details to give you some thoughts. For example insured (CMHC for example) loans have a different debt to income ratio maximum than conventional loans do. B lenders often can use last 6 months of cashflow if you have a corporation for example. Long story short it really depends. I would recommend speaking to an investor-focused mortgage broker.

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