There are so many life situations that may happen that may prevent you from getting a mortgage with a “A lender” but that doesn’t mean you are out of options.
Your credit score doesn’t depict everything you are and CMLS has created this options for those who have started their own businesses, gone through marriage difficulty, possible deaths, and for those who are new to this great country of Canada.
They are willing to look at the whole story and offer 1, 2, or 3 year fixed term mortgage in rates not much higher than what you could get with the best credit score. I am there to help you as well and with an AVEO mortgage product from CMLS, they have dedicated underwriters to work with you as well.
Details (can change at anytime, email me for latest):
- Loan max of $500,000
- Fully qualified mortgage (salary or not stated income) up to 80% Loan to Value (20% of the purchase price must be used for down payment)
- Stated income up to 65% Loan to Value
- Minimum 550 Beacon score, with possible exceptions for lower
- Lender fee would be assessed
- Please look to have 6-12 months of bank statements that would show ability to support the mortgage
- Not applicable in Quebec
- 2nds would be a case by case basis
Any other info you would like on this product or any other product email me at nick@mortgageinottawa.com or text or email me at 613-294-4475
