A lot of speculation has been swirling around stated income mortgage products. (mortgagetalkcanada.ca)
We are starting to see mortgage bank - statement programs again and also a stated - income mortgage loan program is now available. (flagstonemortgage.com)
The basics are that individuals who can't, or do not wish to claim their true income can simply state their income within reason to qualify for these types of low income mortgages. (yourequity.ca)