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are you tired of getting declined by the bank if you are then youamp;#39;re going to want to do this to get approved for a higher mortgage amount so letamp;#39;s say your houseold income is 999,000 which is about the national average here in Canada your interest rate monthly heaten taxes amortization the maximum mortgage that youamp;#39;d be approved for is 390,000 letamp;#39;s say you want to buy a house of $700,000 you would need a $310,000 down payment now letamp;#39;s look at the alter ative lender option weamp;#39;re going to use the exact same household income the interest rate heat and taxes amortization now the maximum mortgage that youamp;#39;d be approved for is 550,000 letamp;#39;s say youamp;#39;re buying the exact same house now the down payment that you would need would be only 150,000 so thatamp;#39;s a difference of $160,000 of mortgage approval now keep in mind that the rates and guidelines used are subject to change and your approval is subject to lender req
