In some cases a home buyer can qualify for the monthly mortgage payment BUT other monthly debt payments are too high for the buyer to qualify. (mybcmortgage.ca)
That means your total housing costs and other monthly debt obligations should use up no more than 43 % of your income. (bpfund.com)
Down payment requirements, carrying other monthly debt and building mortgage - ready credit are common hurdles for today's homebuyers. (blog.compmort.com)