What is Deal Scenario (Mortgage Deal Scenario) in Canadian mortgages?
A complete description of a mortgage deal including borrower details (income, credit, employment), property details (value, type, location), and mortgage request (amount, type, amortization). Used for lender matching in platforms like bips.
Deal Scenario example
Worked example
Scenario: $120K income, 700 credit, employed, $500K purchase, 10% down, 25yr amortization, owner-occupied condo in Toronto.