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Based on these inputs, pre-qualification or more frequent payments, is to make homeownership more affordable.
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Mortgage calculator for canada | Ultimately, a lender just wants to see that a potential borrower can meet their expected repayments relatively painlessly. Usually 15 or 30 years for common loans. The debt-to-income ratio , or DTI, is a common formula that lenders use for mortgage pre-qualification, and it comes in two varieties: front-end and back-end. Advertised rate. More Borrowing Power Guides. No application, ongoing monthly or annual fees. |
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