CANADA EDITION · UPDATED OCTOBER 28, 2026

Educational disclaimer

Information, not an approval

This site does not issue mortgage preapprovals, originate loans, pull credit, hold funds or provide a binding rate quote. A preparation worksheet is not a credit decision. Only the appropriate lender and qualified professionals can assess an actual application, property and transaction.

Important differences between editions

This edition explains Canadian concepts including price-tier down payments, term versus amortization and illustrative GDS/TDS. It does not apply US FHA, VA, USDA or conventional underwriting rules to Canadian borrowers. Country selection does not convert currency or transfer a saved financial plan.

Professional advice and uncertainty

Content is not individualized financial, legal, tax, immigration, insurance or real estate advice. Rates, rules, programs and lender practices can change. Examples are fictional. An illustration of a possible payment or ratio does not predict acceptance, investment performance or an available product. Consult appropriately qualified professionals and read the actual contract and disclosures.

Sources and corrections

We link primary references so you can inspect the rules and definitions. A source can contain older or conflicting text; confirm current transaction-specific requirements with the responsible authority and professionals. Tell us about an error or unclear assumption at hello@mitey.ca.