My First Rental Property – A Case Study

Hugo Dos Reis – VINE Group Obtaining a regular mortgage in 2019 can be quite a challenge with the stress test rules, lender policy changes, et cetera. Obtaining a mortgage for a rental property can be even more challenging with all the very conservative lending criteria lenders use to assess affordability. There are plenty of

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Tax Strategies to Help Improve Your Next Mortgage Application

Hugo Dos Reis Tax season is just around the corner. If you haven’t already started preparing, you’ll want to ensure you’re ready as the process can be very document heavy. The deadlines are April 30th 2019 for personal returns and June 15th 2019 for self-employed submissions. With mortgage rules consistently changing, having both a strong

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Self-Employed Finally Getting Some Love from Lenders?

Hugo Dos Reis If you’re self-employed like us, you’ve likely experienced how difficult it can be to obtain financing from a lender. With 15% of the Canadian population being self-employed, the reality is that most of these individuals show much less income on their tax return than they actually earn. While this allows significant tax

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Mortgage Rule Changes Keep Coming

Hugo Dos Reis 2018 has been a historic year for mortgage rule changes and policy tightening. We kicked off the year with the “Stress Test”, impacting the way Canadians qualify for mortgages by increasing the criteria lenders use for mortgage underwriting. This change alone reduced overall borrowing capacity by an average 30%. Meaning, that borrowers

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