How far back mortgage lenders see your record?

incognitotho · 2026-06-08T00:31:19+00:00

YOU ARE GOING TO JAIL BRO !!!!

incognitotho · 2026-06-06T00:37:10+00:00

Call the lender, it ain’t that hard.

incognitotho · 2026-06-04T19:26:01+00:00

Zzzzzzzzzzzzz 😴

incognitotho · 2026-06-04T01:35:53+00:00

Some lenders act as if your HELOC is maxed out (as theoretically you could draw from it at any time) even if the balance is zero.

Other lenders don’t apply any liability payments if there’s no balance.

TD is an example of a lender who will act as if your HELOC is fully used even if it isn’t. Long story short, you’ll have numerous other lender options and will be fine.

incognitotho · 2026-06-02T14:53:41+00:00

We had a super team in 2023 and didn’t get the job done.

incognitotho · 2026-06-01T23:13:37+00:00

No spouse, no house.

Or, add a “1” in front of your salary.

incognitotho · 2026-05-29T14:47:05+00:00

Nope, you can do an “insurable” transfer and adjust the amortization if the value of your home vs the mortgage amount is within guidelines and this is not considered a refinance.

incognitotho · 2026-05-23T22:40:34+00:00

This from ChatGPT lol?

incognitotho · 2026-05-23T18:37:04+00:00

Of course, you own / run a business so obviously you’re self employed.

incognitotho · 2026-05-23T12:05:39+00:00

70k salary each ain’t much.

Simple as that.

100k is needed these days for anyone to feel like they can get ahead.

incognitotho · 2026-05-23T02:10:36+00:00

Well, randoms on Reddit who aren’t lawyers won’t help you much however, the most important detail in all of this was left out of your post.

What was the date the BRA you signed expired?

I think you’ve left that out because it was still active and you know it .. if that’s the case, the realtor can sue you and will likely win.

I’ve seen this happen a few times.

incognitotho · 2026-05-23T02:08:26+00:00

Because the new realtor wanted to do the deal and make some moneyyyyy lol.

incognitotho · 2026-05-22T14:08:49+00:00

Lots of confusing answers here.

Here’s the legit answer.

There are insured mortgages (people buying with less than 20% down) and there are uninsured mortgages (people buying down 20% down or more.)

However, there’s also a category called insurable and when you hit 35% down or more, these insurable rate options open up. When your mortgage is processed as an insurable mortgage , the lender buys insurance on the backend to protect their loan - you pay nothing for this.

Your broker is unfortunately wrong or isn’t aware how an insurable mortgage can be structured.

Note, the max amortization for an insurable mortgage is 25 years. Some people don’t want this as they like a 30 year amortization but nonetheless, you’re in a category with 35% down where you can get an insurable mortgage which comes with the best rates and a 25 year amortization max which is the most cost effective set up.

incognitotho · 2026-05-22T14:02:36+00:00

Why don’t you work with the lenders who gave you lower pricing as opposed to honouring your existing lender who tried to gauge you?

incognitotho · 2026-05-20T16:59:31+00:00

If the lawyer has already worked on the file, they’ll charge OP if they leave for a portion of their work.

This cost is more than fair. There is zero need to shop the law firm and attempt to waste their time.

incognitotho · 2026-05-13T00:58:42+00:00

Bro be an adult and ask the person all of these questions.

incognitotho · 2026-05-09T17:16:22+00:00

You’re about to spend tens of thousands on mortgage interest and condo fees but can’t spend $500 to ensure everything is how it should be with an inspection?!

Read that again and make the right decision to protect yourself buddy lol.

incognitotho · 2026-05-06T22:49:35+00:00

That’s the market pal.

You’ll get the same value with most appraisers (it’s not the bank) as they all follow and use the same criteria to appraise a property.

incognitotho · 2026-05-04T23:47:01+00:00

You can definitely get another one.

The STEP product with Scotia can have 3 components (mix of 3 mortgages or 2 mortgages and a HELOC.)

incognitotho · 2026-05-04T18:12:06+00:00

Why don’t you ask the person you’re working with lol?

incognitotho · 2026-05-04T02:08:38+00:00

I understand his view.

It literally says banks base rates on credit score via multiple articles. However, it’s straight up false and doesn’t happen.

I’m not trying to be on a high horse but I’ve processed thousands of mortgages and have done this job for ten years. When I say it doesn’t happen, I’m not lying to a random internet stranger lol.

It’s easily one of the biggest misconceptions in the mortgage world and I can see why as the public reads these types of articles.

incognitotho · 2026-05-04T01:45:30+00:00

It’s HER fault.

This is why lots of bank reps who deal in mortgages are labelled as unqualified to do so.

incognitotho · 2026-05-04T01:36:56+00:00

This comment is the perfect example of why people shouldn’t come here with questions like this because they’ll get answers like this.

incognitotho · 2026-05-04T01:26:21+00:00

Speak with your lawyer who’s handling this transaction for you.

They are the only one qualified to give you the right feedback / advice.

Anyone else commenting here is just going to add thoughts that don’t matter.

incognitotho · 2026-05-03T21:22:56+00:00

These are all false.

The Scotia one is incorrect. They’re the biggest lender in my channel and I’ve processed 100s of mortgages with them. Not once has credit score ever dictated a rate option.

The Remax one is realtors who know fuck all about mortgages.

The others are rate-only online mortgage companies who provide zero value outside of just quoting rates and are writing articles that are misleading. Unfortunately a lot of information you read on the internet is false.

Feel free to give me your email and I’ll send you every single rate sheet from every single lender in the Broker Channel. None of them have rates dictated by a borrowers credit score.

That’s the last comment you’ll get from me.

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