Toronto Mortgage Rates

  Self-employed mortgages in Toronto can be trickier to get than those for those who work for an employer. More paperwork will be required from you, and you should be very careful to include information about your income and affordability. What Do Lenders of Mortgages Look For? When evaluating a loan application, mortgage lenders check for a variety of criteria. The borrower's capacity to repay the loan is the most crucial of these. Mortgage lenders will also take the loan amount requested, the borrower's credit history, and the collateral into account. One of the most crucial things mortgage lenders take into account is the borrower's credit history. An individual with a good credit history is more likely to be responsible and return the debt.  To ensure that borrowers are not taking on excessive amounts of debt, mortgage lenders also look closely at the loan amount sought. Buying the property itself is a crucial consideration. Properties that don't meet the requireme