Types of Mortgages
- 1st, 2nd mortgages for any purpose.
- NO credit or beacon score requirements.
- NO debt servicing requirements.
- NO income verification needed in most cases – Flexible BFS and Stated Income requirements
- Most residential properties considered - owner occupied and rental
Lending Guidelines
- Residential in urban areas - up to 75% LTV
- Residential in smaller towns - up to 65% LTV
- Mortgages up to $500,000 preferred, larger mortgages considered on an exception basis
- Raw land, mobile homes, acreage properties and small commercial considered on a case by case basis
- Flexible payment and amortization options available including interest only payments
- We can deal with bankruptcies, collections and judgments for taxes - even foreclosures!
How to submit a deal
Provide the following documentation:
- Mortgage application (printed from Filogix or equivalent)
- Current credit bureau report
- Summary comments (Purpose of funds and story on the deal)
- Alternate Lending – more flexibility with property types and increased loan to values.
Easy Submission
Email package to [email protected]
Fax toll-free to 1-877-600-3362
Or call toll-free to 1-866-460-4409
