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CIMBL - Canadian Institute of Mortgage Brokers and Lenders
IMBA

Unconventional Refinancing - When you need more!

What are the benefits?

  1. You require more than 80% of your property value to make the refinance work for you, and your credit profile is less than perfect. 
  2. You require more than 85% of your property value, with good or fair credit, but putting a 2nd mortgage just does not make sense.

Our solution:

  1. One refinance mortgage.
  2. One payment
  3. Up to 85% or 90% of your property value

What you will need:

  1. Appraisal
  2. Property must be in an acceptable urban area ( please contact us so we can determine if your location is acceptable to our lenders)
  3. For 85% LTV - income can be declared ( self-employed) or fully provable.
  4. For 90% LTV - income can only be fully provable ( no business for self)

Borrowing rates:

  1. starting from prime + 0.8% up to 85%LTV
  2. starting from 6.5% for the 90% LTV

 

 

 

 

Give us a call today and discuss your needs.

Call our refinancing experts today!
1-877-237-2601