DON’T ASSUME ANYTHING WHEN DEALING WITH MORTGAGE FINANCING
- johnathanmcquoid
- Jan 17
- 2 min read
One of the biggest mistakes we see buyers make is assuming that because they qualified for a mortgage in the past… they’ll automatically qualify again.
Unfortunately, that’s not how it works anymore.
If you take away one message from this post, let it be this:
👉 Don’t assume anything when it comes to mortgage financing.
🚫 Past approval does NOT guarantee future approval
Even if your income is the same — or even higher — than before…
Even if your debts haven’t changed…
Even if you’ve owned multiple homes already…
You still may not qualify today.
Why?
Because mortgage rules have changed, and lenders now follow strict, non-negotiable guidelines instead of the common-sense flexibility we used to see.
📉 Borrowers now qualify for 20–25% less than before
With the federal changes and stress-test adjustments, most Canadians qualify for significantly less than they did just a year or two ago.
Even strong, stable applicants are feeling the impact.
This has caught many repeat buyers off guard — especially those who assume they’ll qualify simply because they always have.
📌 Lenders follow rules — not assumptions
There’s no more “gray area.”
No more exceptions.
No more handshake approvals.
Lenders must follow strict formulas, and if your income, debt, credit, or down payment don’t meet those numbers exactly…
You won’t qualify, even if everything feels financially fine from your perspective.
🧭 This is why planning is critical
As mortgage professionals, we stay on top of:
✔️ rule changes
✔️ lender policy updates
✔️ product differences
✔️ qualification calculations
✔️ rate shifts
We know what lenders are doing behind the scenes — and we can help you navigate the process without surprises.
But only if you talk to us before you start house shopping.
💡 Final Thought
Assuming you’ll qualify is the fastest way to derail your home-buying plans.
If you’re considering buying, refinancing, or renewing, message The Frontline Mortgage Group first.
We’ll review your situation, explain your real borrowing power, and help you build a solid plan before you make any moves. 💬