If you're looking to secure a mortgage in Ontario with a low income, it's essential to prepare your application paperwork, including identification, income statements, and bank account details. Consider alternative mortgage solutions from high-risk lenders who are more lenient. Create a budget to understand your financial situation and start a savings plan for mortgage payments and other costs. Check your credit report and work on improving your score. Once pre-approved, you can begin house hunting or refinancing, ensuring you stay within your budget.
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