Canada First Mortgage - Calgary Alberta
Mortgage Qualifier

The way most lenders look at how much you can be approved for is by looking at your Gross Debt Service Ratio (GDS) and your Total Debt Service Ratio (TDS).

The GDS is the maximum percentage of your gross income that is allocated to paying the costs of carrying your home. This ratio includes your principal and interest mortgage payment, property taxes, heating and/or condo fees. To qualify your monthly carrying costs cannot exceed 32% of your gross monthly income.

The TDS is the maximum percentage of your gross income that can be used to pay your GDS plus all other debts. This ratio includes everything from the GDS as well as any other loans, credit cards or lines of credit. To qualify it cannot exceed 40% of your gross monthly income.

There are some lenders who will qualify people with higher debt service ratios. Please contact us for further details.

* Please fill in all fields even if the amount is zero.

1. Combined Gross Annual Income:
2. Estimated Annual Property Taxes:
3. Estimated Monthly Heating Costs/Condo Fees:
4. Monthly Payments for Loans/Credit Cards/ Leases (min):
5. Monthly Second Mortgage Payment:
6. Interest Rate (%):

Compute Maximum Mortgage & Payment

Mortgage Amount
Monthly Payment


Why Use an Associate?
Contractor Discounts
Mortgage Links
Mortgage Glossary
Mortgage FAQs
Mortgage Calculator

Canadian Mortgage Awards


Canadian Mortgage Experts - Canada First
Dan & Stacey Mass
Calgary, Alberta
Direct: 403-650-6596

Fax: 1-866-377-4410

Copyright © Canadian Mortgage Experts - Canada First, Calgary Mortgage Brokers. All Rights Reserved.                                                                                            Website designed by Media Eye Studios
Like Canada First Mortgage on Facebook Find us on Twitter Canada First Mortgage on LinkedIn Google+ YouTube Channel Email Us!