What do you do if you are buying a house in Canada, but you do not qualify for the mortgage on your own? You can add a co-signer to help you qualify for the mortgage and buy the house. This can be done when your debt service ratio just doesn't quite meet the minimum requirements to qualify for a mortgage but having a co-signer would help make that debt service ratio work. The co-signer essentially becomes a co-applicant to the home purchase and mortgage qualification. Adding a co-signer might be what you need to make the debt service ratios work, qualify for the mortgage, and buy a house.

#BaldPrairieRealEstate #CoSigner #MortgageQualification

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My name is Matthew Pfeifer, and this is Bald Prairie Real estate. I am a realtor in Regina Saskatchewan working for Royal LePage Regina Realty. In nearly 10 years working as a real estate agent, I have seen both ups and downs in the market. But there is no real estate market that you cannot buy or sell a house in. Often the media tries to present a Canadian real estate market, or they talk about the real estate market in Canada as if there is a national market. The real estate market in Canada is very regionalized. Being from Regina I focus on the Regina real estate market. Bald Prairie real estate is about educating you about Canadian real estate. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada and monthly Canadian real estate market updates.

(306) 591-3353
mpfeifer@royallepage.ca
Royal LePage Regina Realty

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