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
In this scenario, we show how one broker worked with our expert underwriter to refinance his clients’ home to consolidate debt. This freed up nearly $800 per month for the clients, which will allow them to pay off their debts during the three-year term. Due to high ratios, this deal… Read More
Here is a behind-the-scenes look at how our experts helped these clients refinance the mortgage on their condo to pay off high-interest debt. With a low beacon score and a part-time, hourly co-borrower, their broker sent the deal straight to us – the alternative lending experts. Our pragmatic underwriter asked… Read More
In this scenario, the clients were able to purchase an income-generating property with the help of their mortgage broker at a fantastic rate. The broker knew this client’s ratios were higher than what an A-lender would approve. This deal required an expert underwriter to build a realistic financial picture to… Read More
In this case, a self-employed client was able to purchase his dream home on a 10-acre, well and septic rural property. This client’s ratios were higher than what an A lender would approve. Proving income required an expert underwriter to build a financial picture. With all of these details in… Read More
In this case, a self-employed client was able to refinance his property to pay off debt incurred while off the job for four months. Bridgewater Bank’s expert underwriter took into consideration the client’s story and past credit history when approving the deal. His recent time off meant a bank-statement program… Read More
