An indirect method for making interest on mortgage for personal residence tax deductible in Canada is through an asset swap, whereby the homebuyer sells his existing investments, purchases a house in full or in part by the sale, gets a mortgage on the house, and finally, buys back his investments with the money from the mortgage.

If you want to increase your chances of qualifying for a mortgage after bankruptcy, here are some steps you can take:

First, if you plan to apply for a mortgage after bankruptcy, you will want to have any inaccurate or obsolete negative information on your credit reports corrected or removed. This can help increase your credit score.

Read more about this: http://www.cma1.ca/697

Moonkhan... you can't write off mortgage interest in Canada, unless you're a business? where did you get your facts from?

Hi Kyle,
It completely depends on your credit history, if the Line of credit is unsecured/secured

If it's unsecured and you have good credit, it sounds reasonable... where you have you shopped around to?

Hi there, is a 6% rate on an unsecured LOC of $23,000 reasonable?