How to qualify for an insured mortgage in Canada

I get lots of questions from clients about "how to qualify for a mortgage" or "if they qualify for a mortgage" or "how much mortgage do they qualify for". In this video, I specifically want to discuss high ratio insured mortgage. When you have less than 20% down when you purchase a home, the banks in Canada must get the mortgage insured. That's called mortgage default insurance. We have another video that talks about that: There are some specific guidelines to qualify for a high ratio mortgage and we discuss these. I also show you some tools that you can use to calculate how much income is needed to qualify for a specific home purchase price. Visit this page for that calculator: https://mymortgagebroker.com/mortgage-payment-calculator-canada/ I also discuss a calculator that you can use to figure out how much mortgage you qualify for based on your income. Visit this page for that calculator: https://mymortgagebroker.com/mortgage-pre-approval-calculator/ If you have any questions, please comment below. You can also contact me directly through the "About Us" page on my website: https://mymortgagebroker.com/about-us/ Check Your Credit. If you aren't sure about your credit rating and don't want to speak with a broker or your banker yet, you can check it yourself. https://mymortgagebroker.com/get-your-credit-score