Unverifiable Income Mortgages:
Unverifiable Income or even no income? At anytime you could loose your income stream, or be unable to provide proof of your income and find yourself looking for a no income or unverifiable income mortgage to get you through these times. This is in essence a stated income or home equity product but in this case you may have no income at all and are looking for a mortgage loan to bridge yourself until you are back to work or able to solve your financial problem.
We can help! With one of the many equity products we can get you the funds you need to get through these difficult times. Each case is unique and I can assist you with creative options allowing you to maximize your cash flow. There are many things to consider so call us today and let us set you up for success.
Bank Equity Programs 50% to 65%
This is a great option through our mono line lenders. Lenders have min credit score requirements and some additional requirements but rates are competitive with other schedule A banks 1 – 5 year closed terms 3 to 5 year variable and up to 35 year amortizations on 5 year terms. Conditions apply so give me a call and I would be happy to walk you through the process.
Stated Income B-Lenders
A B-Lender will allow self-employed, commissioned and people earing tips to qualify up to 75% and in some cases 80% (with an in-house product )to refinance or purchase a home with stated income. Keys here are your taxes should be filed and show that no money is owed to CRA. This allows you to state your income to qualify for a mortgage. This product does have credit requirements and of course it comes with a slightly higher rate than prime mortgages. To learn more or to apply call us today.
Stated Income Mortgages:
Self-employed, commissioned or employees earing tips have options available to them in the form of a stated income mortgage loan. These mortgage products have seen some changes over the past few years and will likely change some more in the years to come so it is best to consult with your BC Mortgage Broker to learn more. The basics are that individuals who can’t, or do not wish to claim their true income can simply state their income within reason to qualify for the mortgage. You can qualify up to 90% on a purchase with stated income.
Private Mortgage Lenders:
I work with some of the lowest cost private mortgage lenders. I do such high volume of private mortgages some mortgage investment corporations offer me preferred pricing. This enables me to place my highest quality applicants with lenders that offer best rate private. I also deal directly with hundreds of other small and large companies and individuals. I pride myself in getting better rates and terms for my client than if they try dealing direct. Call me and I am happy to talk to you about my process.
For more information on mortgage rates