Debt Services Ratio

Years
%

Your salary must meet the following two conditions:

  1. Your gross (pre-taxes) monthly salary must be greater than 32% of the sum of the monthly mortgage and monthly tax payments.
  2. Your gross (pre-taxes) monthly salary must be greater than 40% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.

Current Rates

Term ( closed )

Rate

Variable 2.25%
1 Year 2.29%
2 Year 2.24%
3 Year 2.39%
4 Year 2.44%
5 Year 2.54%
7 Year 3.09%
10 Year 3.84%

Rates updated December 5th, 2016


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