MYTH: You have to pay off all your debt before buying a home.

FACT: Although you should strive to be debt free, you don’t need to be debt-free to qualify for a mortgage, you need manageable debt. Lenders don’t expect zero debt. Instead, they look at your debt service ratios (GDS & TDS) to see how much of your income goes toward housing and other monthly payments. You can still qualify with a car loan, student loans, credit cards, or a line of credit as long as your payments fit comfortably within your income. It’s not about having no debt. It’s about having healthy ratios.

Worried your debt will stop you from buying a home? 

✅ Car loans 

✅ Student loans 

✅ Credit cards

Don’t be. 😎 It’s not about having zero debt, it’s about structure, manageability, and smart debt to income ratios.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Town House – $499,900

Location: Mississauga, Ontario

Minimum Down Payment (5.00%) – $24,995 | Monthly Mortgage Payment – $2,270

BREAKDOWN

Home Price – $499,900

Minimum Down Payment – $24,995 (subtract from home price)

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

MYTH: If you’ve been declined once, you’re done.

FACT: A decline from one lender doesn’t mean every lender will say no. Different lenders have different qualification rules. Sometimes it’s about restructuring debt, adjusting the down payment, or choosing the right lender category.

One lender said no? Don’t worry you’re not out of the game. 😎 Different lenders have different rules, sometimes it’s just about strategy, not rejection.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Helping Canadians finance their dream homes | First-Time Buyers | Refinancing | Reverse Mortgages | Spousal Buyouts

Based in Ontario | Licensed Mortgage Agent #12806

Available Anytime | Access to Multiple Lenders

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Bank of Canada decided to keep the Rates as is, with Prime Rates currently sitting at 4.45%.

Be proactive & plan ahead by contacting my team to discuss how we can save you some money.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

MYTH: Self-employed people can’t get mortgages.

FACT: Self-employed buyers can absolutely qualify but documentation matters. Lenders may look at your tax returns, business financials, or use stated-income programs. It’s more paperwork but that’s what I’m here for.

Being your own boss doesn’t mean you can’t own a home. 😎 Yes, it’s paperwork. No, it’s not impossible.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Helping Canadians finance their dream homes | First-Time Buyers | Refinancing | Reverse Mortgages | Spousal Buyouts

Based in Ontario | Licensed Mortgage Agent #12806

Available Anytime | Access to Multiple Lenders

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Mortgage Tips for first-time buyer or newcomer

1. Research the Neighborhood, not Just the House: the neighborhood should fit within your lifestyle
2. Budget for More Than the Mortgage: Don’t forget to budget for taxes, insurance and potential HOA fees.
3. Read the Fine Print: Understand all terms, conditions, and fees involved in your mortgage agreement.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Behind on debt payments? Don’t wait for the pressure to build. When the bank calls, we step in with solutions. Unlock cash. Reduce your monthly debt payment. Combine your debt. Get a lower interest rate. Missing your debt payment shouldn’t be a setback. Let’s protect your home and strengthen your financial position. 

The calls. The notices. The pressure. You’re not alone and you’re not out of options. If your mortgage feels heavier than it used to, refinancing could help you: Unlock cash. Reduce your monthly debt payment. Combine your debt. Get a lower interest rate. Don’t wait for the pressure to build. Let’s create a plan that moves you forward with confidence.

Contact us today and take control.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

MYTH: You should wait until HOME PRICES drop to buy.

FACT: Trying to time the market is risky. If rates drop, competition usually increases which can push home prices up. Sometimes buying at a slightly higher rate with less competition and refinancing later when rates drop can make more sense.

Rates might drop… timing the market is tricky. Don’t gamble on timing the market. Buy smart now, refinance later if needed.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943