Low Document Mortgages BC & Vancouver

Low Document Mortgages Salaried & Self Employed

low document mortgagesLow Document Mortgages are required for  mortgage applications that have trouble proving income in a way that is suitable to the banks ridged guidelines. This is where we can assist by providing you options in a low documentation mortgage loan.

Equity Lenders Langley

Low Document Mortgages Pros and Cons at a glance:

 

  • Lenders evaluate credit more than income
  • Flexibility in Rates & Terms
  • Less strict income verification (contact us to see what exceptions we can negotiate)
  • Approvals are based on equity
  • Usually only a short term loan until you can qualify back at the banks
  • Interest rates are higher than the discounted or posted
  • Insurance or Broker Premiums may be attached for higher risk applications
  • Income taxes will have to be up to date
For more information on mortgage rates

Low Document Mortgage Self Employed or Salaried and Have Bad Credit or Low Credit? Mortgage refinancing with bad credit is still available for the Self Employed through a few conventional banks offering unique mortgage products using your home equity or Sub-Prime Mortgage Lenders. For more information about Bad Credit Mortgage Refinancing for Self Employed or Salaried incomes using your home equity contact your Vancouver BC Mortgage Broker online application

  • Poor Credit and Recent Bankruptcies 
  • Conventional Low Credit Mortgage

Refinancing with a banks that has programs to allow borrowers with poor credit or discharged from bankruptcy to obtain mortgages. Online Application

  • Self Employed Lenders 

Offers mortgages to small business and self employed borrowers with low documentation requirements. With 35% down, notice of assessments may not be required. Online Application

  • Mortgage Offers High TDS Ratios 

Offering TDS ratios as high as 50%, depending on your credit rating. TDS – Total Debt to Service ratio. The amount of debt being serviced as a percent compared to the total income.

Low Document mortgages  service areas in British Columbia (BC) Canada’s Lower Mainland of: Surrey BC , Vancouver, Richmond, Burnaby BC, Abbotsford, Chilliwack, Coquitlam BC Port Coquitlam, Pitt Meadows, Maple Ridge, West Vancouver, North Vancouver, Port Moody, New Westminster, Delta, Surrey, White Rock, Langley, Coquitlam, Mission, Or in the BC Okanagan  Armstrong Chase, Penticton, Revelstoke, Kamloops, Kelowna, Merrit, Salmon Arm, Vernon, As well as on the Isalnd Victoria, Saanich, Esquimalt, Oak Bay, Colwood, Langford, Sooke, Campbell River, Chemainus, Comox, Courtenay, Cumberland, Duncan, Ladysmith, Lake Cowichan, Nanaimo, Parksville, Port Alberni, Qualicum, Sidney, Cranbrook, Kimberley, Nelson, Castelgar, Trail, Revelstoke