Purchase using add-back model to increase serviceable income
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 leading the way. They worked together to identify the clients’ potential and applied our add-back model to the corporate financials – freeing up significantly more serviceable income.
It’s the expertise of our service-obsessed employees that gets these deals done so that your clients get the mortgage they deserve in the homes they love.
**The AIR is compounded semi-annually, not in advance. The APR based on a $732,000 loan on a two-year term, with a 30-year amortization and loan fee of 1% is 3.30%.
All rates are subject to full underwriting policy and may change without notice.
Should you have questions, please contact your BDM.
For internal broker use only. Not intended for external consumer use.