Ontario Mortgage Decision Centre
Choose the concern closest to yours. The useful answer may depend on the documents, property, timing and lender policy—not simply whether one lender said yes or no.
Find the answer from your problem
Separate the real lender concern from assumptions.
Income · credit · debt ratios · property · down paymentShow me where to start →02Show how the business earns before choosing a lender route.
A lending · bank statements · financials · T1 approachShow me where to start →03Understand the bureau, timing and cause—not only the score.
Equifax · TransUnion · utilization · collections · recoveryShow me where to start →04Compare the complete decision before signing early.
Rate · payment · penalty · switching cost · flexibilityShow me where to start →05Match the purpose, cost and exit plan to the right structure.
Debt consolidation · renovations · investment · CRA debtShow me where to start →06Test the rental calculation and portfolio effect by lender route.
Subject rent · existing rentals · cash flow · reservesShow me where to start →07Work backward from the deadline and available equity.
Appraisal · funds to close · job change · urgent alternativesShow me where to start →How the answer is built
Buying, selling or investing?
Property type, legal use, insurance, appraisal, taxes, condo information and closing dates can change the mortgage answer. Connect both sides before the transaction becomes difficult to reverse.
Need a focused review?
Tell Rajiv what you are trying to accomplish and what the lender has already said. He can help identify the questions and responsible options worth exploring next.
Published mortgage guidance
Use the guided situations above or search every published answer, concept and strategy.
Rule
The label matters less than the signed mortgage documents, responsibility for the full debt and the lender’s ownership requirements.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Yes. False comparables, undisclosed incentives, staged transactions or pressure to support a predetermined value can mislead the lender. Provide accurate property information and use the lender’s approved appraisal process.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
The lender must know the true purchase price, incentives, credits and obligations. Undisclosed cashback, renovation credits, deposit returns or separate agreements can distort the property value and down payment.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
A straw buyer lends their name, credit or identity to a purchase or mortgage for someone whose true involvement is hidden. The person signing can become responsible for the debt, taxes and legal consequences. Do not sign documents for a pro
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Owner-occupied, second-home and rental mortgages carry different underwriting, insurance and pricing assumptions. State the genuine intended use. If plans change before closing, tell the broker and insurer so the file can be reassessed.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
The lender, broker and lawyer need to understand the source of funds, confirm the real borrower and identify unusual transactions. Keep a clear trail for deposits, gifts, investment sales, property proceeds and overseas transfers.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Lenders and brokers compare statements with other records and may verify documents directly. Removing pages, changing balances or hiding transfers can stop the application and raise fraud concerns. Provide complete original statements and e
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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False job letters, pay statements, tax records or financial statements mislead the lender and can constitute fraud. The broker should verify the true income and select a lender whose policy can assess it.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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The lender may recalculate qualification, change terms or cancel funding. A private loan, family loan, line of credit or second mortgage used for closing must be disclosed when required. Hidden borrowing also creates title-priority and cash
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Because the lender relies on the application to assess income, debts, occupancy, down payment, ownership and property risk. Knowingly giving false or misleading information can be mortgage fraud. Review the final application and correct err
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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