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What happens if cmhc disapproves

 
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Asked by
anonymous


What happens if cmhc disapproves?
0     In Mortgage Cont.14

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    Q. Can you be rejected by cmhc?


    You can be rejected by cmhc for a ton of reasons. Low credit score, little or no downpayment, income to debt ratio, etc etc etc. Your offer to purchase can be accepted, a lender available with the funds and if cmhc rejects your application, youre done. Make sure you have a good downpayment, great credit history, verifiable income or be ready for bitter disappointment.

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    Can you help us by answering one of these related questions?
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