With mortgage lender’s competing for your business, new “speciality” products are making it easier to get financing. As life would have it, we don’t always meet the normal bank’s guidelines for financing. Here’s the latest innovations to help you GET APPROVED.

Extended amortizations – up to 40 years Up to 40 year amortizations on mortgages with less that 25% down (high ratio mortgages) 35 year amortizations on mortgages with more than 25% down (conventional mortgages)

While there is an added cost of interest short term the cost is minimal. The added amortization will give you more buying power and keep your payments affordable.

In this “champagne taste – beer wage” market it’s worth consideration

Equity take out – up to 90% of the value of your home.

Equity Mortgages – You can get financing and qualify based on equity not income. You need 25% equity or down payment.

Mortgages for self employed applicants – You can now qualify based on "stated income". You need 10% down payment, not borrowed/no gifts and have a good credit rating. Allowable property types are houses and strata.

No down payment - mortgages for financing up to 103% of purchase price. Must be owner occupied and have a good credit rating. Only houses qualify, no strata properties.

Mortgages for a 2nd home (ie: summer cottage or winter retreat) with 5% down, not borrowed/no gifts - no rentals.

All programs are subject to qualification. Conditions apply. Please call for details.