RESIDENTIAL SERVICES include the following:
1st & 2nd mortgages
Residential Equity Loans
Business for Self Clients
High LTV (up to 95%)
Secured Line of Credit
TYPES OF MORTGAGES:
1st, 2nd and 3rd mortgages for any purpose.
NO credit or beacon score requirements.
NO debt servicing requirements.
NO income verification required in virtually all cases for 80% LTV – BFS and Stated Income.
Rentals, vacation and second properties considered.
Flexible payment terms – interest only, prepaid and interest accrual options.
We can arrange deals with Bankruptcies, Collections, and Judgments – even Foreclosures!
(Each of the lenders has different requirement).
Up to 95% Loan to value: CMHC
Up to 85% Loan to value: Major urban residential properties
Up to 65% Loan to value: Small town, rural residential, mobiles on land
Up to 65% Loan to value: Raw land (serviced in urban area)/acreage properties
Up to 60% Loan to value: Farms and agricultural properties
Up to 55% Loan to value: Raw land (rural or unserviced)