Do you know there are associated costs to consider in the purchase of a home or condo. Prior to taking possession of your home. You will need funds available to cover the following: Deposit Appraisal fee  Home inspection fee (option) Property or Home insurance  Property tax  Land transfer tax or Land Registration fee  Status certificate fee Title insurance  Legal fees and disbursement Do you know there are different guideline to qualify between prime lenders and Alternative lenders? Prime lenders require GDS/TDS: 39/44% Alternative lenders require GDS/TDS: 45/50% GDS = PITH/Total income TDS = PITH + All other debts / Total income

When you purchase a rental property; prime lender will use half of the rental income for the subject property can be added to the gross income for ratio calculators. All the PITH must be included in the ratios. For a purchase, current signed lease agreement or market rent confirmed by an appraisal report. The max loan amount 65% for the prime lender on rental property. Alternative lender can accept more than 50% rental income, some alternative lender even can accept 100% rental income. IF interested, please contact me for more info.

Take advantage of low rates and spread your renovation financing repayment over a long period of time by refinancing your mortgage for up to 80% loan to value. Replace your existing mortgage with a new one on different terms. The lender will require income proof such as job letter, two recent pay stubs, T4 or Notice of assessment to qualify the mortgage. IF you consider refinancing into a term with more prepayment privileges, such as open mortgage or if interest rate dropped, you can refinance to fix rate mortgage to lock in the lower rates. The risks and cost of…

Purpose: Purchase / Refinance / Renovations / Business operating fund Lending areas: GTA / Al major urban Centers in ON Maximum LTV: 70% Terms: Fixed & Variable; 2 – 5 years Amortization; up to 25 years Property usage: owner occupied or tenanted Property type: mixed use -store front / Residential use Multi-unit residential; 5 or more units Commercial; Office building / Retail Plaza / restaurants Special purposes; industrial / banquet hall / Convention Centers / Gas station / Hotel

Who qualify to get reverse mortgage; 55 + Canadian. Why do you need reverse mortgage; allow you to access tax free cash from your home to take advantage of diversified investment opportunities. Reverse mortgage is good for purchase and refinance Lending areas; National coverage for reverse mortgage in Canada Products; Chip reverse mortgage and Income advantage Chip reverse mortgage allow you to access up to 55% of the value in your home and is ideal for homeowner 55 + who are looking for an initial lump sum. Income advantage is ideal if you are simply looking to supplement your monthly income. The minimum initial advance is…

Equity lending: NO income requirement, Not require pay stubs, employment letter, NOA or T4 First mortgage 65% (Term; open after 3 months) Second mortgage 80% (Term; Fully open) Bundle 80% (Term; open after 3 months) Bridge 85% (Term; fully open) Non-Resident 70% (Term; fully open) Condo 75% (Term; open after 3 months) Payment; interest only

Rural mortgage lending. Rural max loan to value up to 65% Agricultural max loan to value up to 60% Urban max loan to value up to 70% Waterfront loan to value up to 65% Term; 1 or 2 years Payment; PIT payments AM; 40 years Rate on average; 8-10.5% -subject to review of course Summary of Construction highlights: Max mortgage up to 80% of completed value Up to 65% advance on raw land value at registration No draw schedule or limits on # of draws Fully open for repayment with no penalty

Products; Bruised credit, business for self, rental program, purchase and refinance Qualify debt ration; 45/50 vs prime lender 39/44 Bankruptcy: minimum 6 months past discharge date. Documents for business for self; Proof of 2 years business for self, confirmed one of the following ; Article of incorporation , valid business license , commission sales letter or employment contract confirming commission arrangement , 6 month business bank statement