I now have access to a new BC lender and they have some amazing underwriting programs .. You are going to want to read this 😊

• A NON-STRESS TEST option, slightly higher in rate BUT can get the clients MUCH higher in pre-approval numbers.

Example:

• • $100K income, 5.39% Stress test and 20% down = $420 Mortgage; $525K purchase
  • $100K income, 5.59% NON Stress test and 20% down = $512K Mortgage; $640K purchase (that is $115K more house for only .20% in rate!)
• 70% Offset on rental suites vs. just adding to income = More borrowing power!
• Using 3 year posted rate for Variable rate mortgages instead of Benchmark = More borrowing power!
• Using 30 year amortization to qualify for a Home Equity Line of Credit = More borrowing power!
• Interalia / Bridge  –  this is the ONLY non-private lender offering Interalia Mortgages thru Broker Channel, so this is going to save our clients a ton of fees if they need to lean on the equity in a secondary property
• Construction
• Hobby Farm/Acreage
• EI when employment is seasonal in nature

*Lending in the Victoria CRD Municipalities, and Nanaimo ONLY (Sorry, nothing in between but will let you know when this opens up).

Call me if you have 20% down, and troubles qualifying – this Lender is going to be a great addition to my toolbox.