Mortgages between chartered banks and brokers:

[KhoaN]

Hi,
If I already have mortgage(s) at the X bank and then go with a broker for my next mortgage and it happened that the lender is the same bank, would they combine that to their cap exposure or they are two separate channels?
Thanks,

 

[REInvestors888]

I believe it will be combined when they calculate your Debt Service Ratio. Any other opinions?

 

[KhoaN]

I wasn't referring to the TDS. What I meant was the total allowable for that spectacular bank.
Thanks,

 

[REInvestors888]

Per our experience both mortgages in the same bank/lender will be combined in determining TDS and total allowables unless the rule of the game changed(?).

I want to see some light here, too. Thanks.