In this episode, host Len Lane, founder of Brokers for Life, welcomes Kevin Kennedy, owner of KDK Financial, to discuss how car payments affect Total Debt Servicing (TDS) and Gross Debt Servicing (GDS) ratios in the mortgage process. With many Canadians carrying large vehicle loans, this often becomes a barrier to mortgage approval.Kevin shares how KDK Financial helps mortgage brokers restructure auto loans by reducing payments, removing co-signers, and even accessing equity from vehicles. He explains why traditional banks don’t offer refinancing, how competitor lenders step in, and why this solution can save deals that otherwise wouldn’t close.The conversation highlights success stories—from reducing a family’s $1,800 monthly car obligations to $650, allowing them to keep their home, to moving loans under corporate names for business owners. Kevin also sheds light on current auto lending rates, pitfalls in dealership financing, and the benefits of KDK’s streamlined, broker-friendly process.If you’re a mortgage broker or a homeowner with high auto debt, this episode offers practical strategies to unlock financing flexibility and keep homeownership within reach.About Kevin KennedyKevin Kennedy is the owner and founder of KDK Financial Corporation, a company dedicated to helping mortgage brokers manage auto financing solutions for their clients. With lifelong roots in the auto industry, starting at his father’s used car dealership and advancing to lead one of Canada’s largest auto finance departments, Kevin saw the need for a streamlined, broker-controlled approach to auto refinancing.KDK Financial empowers brokers across Canada to restructure loans, remove co-signers, and reduce payments without the sales pressure of dealerships. Kevin’s mission is to make auto finance simple, transparent, and a powerful tool to support mortgage approvals and financial stability.Resources discussed in this episode:KDK Financial—Contact Len Lane | Brokers for Life: BrokersForLife.caLinkedin: Len LaneLinkedIn: Brokers for LifeFacebook: Brokers for LifeX: @Brokers4LifeContact Kevin Kennedy: Website: KDK FinancialInstagram: KDK FinancialFacebook: KDK Financial page

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