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Who Told You: You Needed an Income for a Mortgage?
Financing Options (Current Products):
65% - No Credit Score Required/No Income Verification required
· New Purchases / Refinancing or debt consolidation
· *Owner occupied only
· No GDS/ TDS required
· Condos up to 60%
· Bankruptcies, Judgments and collections considered
Contact us for further details
Ex-Bankrupts
· *100% Financing for purchases/95% for rentals
· *Discharged for a minimum of 3 years
· Re-established credit card needed with limit of $2500 reported for 12 months
· Salaried Commissioned Applicants need only be employed for 2 years in same industry verified by job letter
· Business for Self needs only a 3 years minimum
There are options available for bankruptcies less then 3 years
Contact us for further details
Consumer Proposal – New Purchase options
· Minimum time in the proposal must be 12 months
· On a purchase transaction when the proposal is not being paid out the trustee must approve the transaction
· Minimum beacon score – 580
· 5 year terms available (low rates)
· Owner occupied only
· Secondary financing permitted up to 90%
Contact us for further details
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