What banks are looking for

- credit score
- credit history
- loan to value - LTV = Outstanding balance on first mortgage / Appraised value or market value of home
- ELOC - Equity Line of Credit, you borrow the equity you have in your house

How to get approved

How to fix bad credit

Short credit history

How much of your own money do you need for downpayment
- 5% for primary residence
- 10% for investment property if you live in it
- 20% for investments property

Maximum of 5 mortgages per person
=> How to come around that?

Send your questions to: auramortgage@gmail.com