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
Many prescribed mortgage-sector records must be retained for at least five years, although the starting date varies by record. Privacy, brokerage and other legal retention requirements may also apply.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Yes. Suspicious Transaction Reports are based on reasonable grounds to suspect specified financial-crime activity, not on reaching a fixed dollar threshold, and attempted transactions can also be relevant.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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No. FINTRAC’s 24-hour rule can aggregate multiple cash transactions that total $10,000 or more, and suspicious-transaction obligations are not limited to a $10,000 threshold. Deliberately splitting transactions can itself create concern.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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No. FINTRAC creates identity, recordkeeping, monitoring and reporting obligations, but it does not prescribe one universal 90-day down-payment statement rule. Ninety days is commonly an insurer or lender documentation period.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Because mortgage brokers and lenders must take reasonable measures in prescribed circumstances to identify politically exposed persons, heads of international organizations and certain family members or close associates.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Mortgage-sector reporting entities have third-party determination duties for specified records and reports. They may need to understand whether the named client is acting for someone else or whether another person controls the transaction.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Yes. Since October 1, 2025, reporting entities can have obligations to report material discrepancies involving the federal beneficial-ownership registry when specified high-risk conditions are met.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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Because identifying the individuals who ultimately own or control an entity helps prevent anonymous companies, trusts or partnerships from hiding who is behind a mortgage transaction.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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FINTRAC recordkeeping rules require mortgage-sector information records to include a person’s occupation or a sole proprietor’s principal business, and entity records must include the nature of the entity’s business.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Because the lender and mortgage professionals must understand whether the money is genuine business revenue, borrowed money, a transfer between owned accounts or funds from another person. A clean paper trail protects both the approval and the client.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
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