In this scenario, the client refinanced their owner-occupied property with a 35-year amortization to reduce monthly payments. Parminder is a sole borrower working full-time within the same industry for the last 11 years. Parminder is trying to lower their monthly payments to help pay off debt. Their mortgage broker… Read More
In this deal scenario, we put a spotlight on our recent decision to raise lending limits and help clients purchase a million-dollar rural (well-and-septic) acreage. The deal came our way because the property is located in a rural area, outside a city centre, and the ratios were 41%/49%, higher than… Read More
In this deal scenario, our primary applicant is self-employed, and already the owner of two rental properties. She wanted to invest in a third property in a small town with her daughter, and we wanted to help make that happen. Self-employment is one of our specialties, so we were able… Read More
In this deal scenario, the client refinanced his owner-occupied home to take his ex-spouse off title and settle CRA debt. This deal was not your average deal. Thankfully, our underwriter is not your average underwriter. Our client was in a tight spot as he navigated this tumultuous life event, and… Read More
In this complex deal scenario, this self-employed client was able to lean on our add-back model to purchase a new home. Not only that, because of our alternative provable income program, this client also qualified for our super-competitive rate of 2.79%. Again, we find a solutions-oriented underwriter and expert BDM… Read More
In this deal scenario, our experts helped new parents refinance their property using 100% of their pre-leave income to qualify. This is because they were due to return to work within 60 days of application (clients on leave can normally use up to 60% of their pre-parental leave income if… Read More
This self-employed client was able to refinance his home at a fantastic rate on a one-year term. He will use the proceeds to help grow his business. The client’s ratios were higher than an A lender would accept and he’s been self-employed for less than two years. Our expert underwriter… Read More
In this scenario, the client refinanced his owner-occupied property to consolidate debt and pay an outstanding income tax bill. The file had high ratios and substantial income taxes owing. Our expert BDM worked with the broker to understand the story behind the unpaid taxes, rather than turning it down sight… Read More
In this scenario, clients with high ratios and thin credit were able to purchase a condo from a family estate. As an alternative mortgage expert, our resourceful underwriter found ways to approve this deal at a great rate. First, a gift of equity was used for a portion of the… Read More
