Do You Really Need to Be Debt Free to Buy a Home

Do You Really Need to Be Debt Free to Buy a Home

Monday Oct 13th, 2025

Share

Many people think they must be completely debt-free before buying a home — but that’s not true. In this video, we break down why having some debt doesn’t stop you from qualifying for a mortgage. You’ll learn how lenders look at your debt-to-income ratio and why responsible debt management matters more than having zero balances.

Planning to buy or sell a house or a condo in Mississauga, Brampton, Toronto and GTA?
Give me a call!
Alex Price, Real Estate/Mortgage Broker Toronto, Mississauga and GTA Direct
phone: 647-403-4282
SOLD YOUR FRIENDS PLANNING TO SELL OR BUY A PROPERTY? REFER THEM TO ME FOR GREAT SERVICE!


Tags: video