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Mar2010
Rental Suite Income qualifying for a CMHC Mortgage with Vancouver Mortgage Broker Mark Fidgett

Rental offset is the percentage of rental income a borrower receives that the lender is willing to use to qualify him/her for a mortgage.  Specifically, the use of 80% rental offset will be eliminated on April 19, 2010.  It will be replaced with a 50% add-back calculation.  This will have a significant impact on how much [...]

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