Don't Stress the Stress Test...Home Owners are Skipping It!

It’s no secret that interest rates have soared this year. With no end in sight for rising rates, we thought now would be a great time to talk about mortgage products on the market today that can help you qualify more easily and provide you with more options.



As a home owner, it’s good to be aware of the available mortgage options out there that will help you qualify more easily, boost your borrowing power and even save more each month. The “no stress test” option is one of the best products on the market today and is designed to help first time home buyer like yourself qualify for a larger mortgage.



No Stress Test Option



If you’re worried about the stress test, my team and I can help.  We work with lenders that qualify our clients on the contract rate and not the federally regulated stress test. These lenders also have larger debt servicing ratios which means more borrowing power.


Here’s a case study of a client who qualified for a home with an income of $150,000 and monthly debts of $1,000 (credit card payment and car payment), and who was hoping to purchase a property in the GTA.

  • For calculation purposes, this scenario uses annual taxes of approximately $5000 and typical heating costs)

  • Non-B20 Compliant lender – is a lender that is not required to follow the federal regulations that set out the stress test qualification.



As you can see, the difference between the two types of loan qualification is not very large and would allow for a significant increase in your GDS/TDS ratios, which would result in a higher mortgage amount.







No Stress Test Option

  • Qualify on contract rate vs. the greater of 5.25% or 2% plus contract rate.

  • Non-B20 compliant lenders often have higher GDS/TDS ratios allowing you to qualify for larger mortgage amounts

  • Multiple lender options offering different rates and terms

No Stress Test Option

  • Alternative lenders require a minimum 20% down payment

  • Slightly higher interest rate likely vs. a prime lender option

  • Some lenders may charge a fee, but there are options with no fee so speaking with a mortgage broker can help

To learn more about which lenders offer a no stress test approach to mortgage qualification, reach out to me today.



How can Ahmad, mortgage specialist at and the Total Mortgage Source Team help you?



Ahmad and his team are industry experts on mortgages. They offer excellent customer service and pride themselves on their ability to help you find the right mortgage product for your needs.

We can offer you some of the most competitive interest rates and mortgage products available because we have access to Canada’s leading lenders, including banks, mortgage firms, trust companies and private lenders. 

Want to learn more about how Ahmad can help you secure your mortgage? Reach out today to get the conversation started!  Ready to apply for your FREE mortgage pre-approval?  Click HERE  






Ahmad El-Farram, Mortgage Agent #M21005249

The Mortgage Centre at Total Mortgage Source 360

License #12151

Your Local Aurora/Newmarket Mortgage Agent

M: 647.992.4411



“Ensuring the Highest Level of Customer Service and Securing You a Better Rate on Your Mortgage”



Total Mortgage Source 360  FSRA#12151 – Each office is independently owned and operated 



Meet Ahmad, Your Mortgage Specialist.

My promise to You:

I will find you the best rate and products

Unlike your traditional bank, which only has access to their own products, I have access to products from most major lenders in Canada which ensures I find the best product suited to your needs and goals

I will simplify the process for you

Buying a House Can Be Overwhelming, especially if you don't know where to start. My passion is helping guide clients and friends through the path to homeownership.


From the time of your initial inquiry, until the day of funding, consider me your guide and coach. I'll ensure you have a clear picture of the steps ahead so you move forward confidently and that every decision your make is an educated one.


I work for you, NOT the lenders.