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The Canadian Association of Accredited Mortgage Professionals, better known as CAAMP, has released new data on a recent research outlining that Canadian home owners and lenders are both very cautious with mortgages.
The new research data released January 14, 2010 gathered information throughout 2009 on approximately 40,000 mortgages. The data represents about 1/6th residential mortgages signed [...]
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TDS, LTV and GDS are three acronyms that lenders and mortgage professionals pick and fuss over very carefully. It is crucial that all of these values are within a specific range in order to allow for a mortgage to proceed without any issues from lenders.
1. TDS: Total Debt Service
Total Debt Service is an acronym that [...]
