Canada Wide lending:
Minimum Credit score bumped from 480 to 560 for 100% financing now. Not surprising, lender is owned by US company in trouble.
I like the pure equity mortgage -- no income proof, no notice of assessment from the taxman, nothing needed really other than an appraisal. Can get a rate as low as prime minus .75%. Pretty good. MAX LTV of 75% on that one.
Investors, we have one lender on board (that I know of) for the 100% financing on Rental purchases. Good way to invest if you can't access a line of credit or your own cash for a down payments.
Self-employed -- going stated income is the best route for most, only 5% is needed but if you have 10-15% you can do it just 1 day self-employed! Not bad rates either.
Remember people, flipping real estate does not involve capital gains. On a flip you are taxed as if it is straight income so be careful.
If the mortgage you need exists, I will find it!
The banks might have said NO but I have access to over 40 Lenders that have much more flexibility with regards to one's credit history and job status. Call me today or apply online, you won't regret it!
I Deal With:
- 100% Financing
- 35 and 40 year amortization's to lower your payments
- Self- Employed for only 1 day!
- Discharged from Bankruptcy 1 day!
- Refinances and Purchases
- Mortgage Renewals
- Re-finance / Debt consolidation
- Investments
- Second Mortgages
Why use a Mortgage Broker?
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Many Canadian homebuyers end up paying too much on their mortgage because they didn't have the time to sort through the maze of options and features available in today's mortgage marketplace.
Contacting different lenders, trying to compare different rate structures and options - the whole mortgage process can be pretty intimidating. All mortgages are not "created equal" and based on your circumstances, one mortgage could be substantially better for you than another.
It pays to be informed and I can help.
With no fee* to you, I give you one stop convenience and the power of professional negotiating expertise when I shop for your mortgage.
I'll take the time to explain the various rates, latest options, terms and conditions in language that's easy to understand. I'll help you look at how these choices may help or hinder you in meeting your financial / mortgage goals
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