How Car Payments Affect Mortgage Approval in Ontario

Want to know what’s driving me nuts right now as a mortgage agent? 😅

Car payments.

I’m seeing:
🚗 $800/month
🚗 $1,000/month
🚗 even $1,200+/month car payments

And people don’t realize how much this impacts mortgage qualification.

Sometimes that car payment is the reason you:
• qualify for less
• can’t refinance
• struggle with monthly cash flow
• or feel financially stretched every month

I’m not saying don’t enjoy your life 🤍

I’m saying:
make sure your car isn’t living better than you are 😭

Your financial goals should come before impressing strangers at red lights.

Lora Fenn | Mortgage Maven ✨
📞 705-881-2780
📧 lfenn@dominionlending.ca
🌐 lorafenn.ca

Mortgage Agent Level 1
Dominion Lending Centres YBM Group

Serving Barrie, Oro-Medonte, Simcoe County, Collingwood & Muskoka

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