- Up to $20,000.00
- Max LTV 50%
- Max 1 year term and 2 year amortization No appraisal
- No legal fees
- Rate 5.75% plus an 12-19% annual fee depending on the strength of the deal Can close in less than 48 hours
Your fee is financed into the deal!
You can still charge a broker fee of up to 5% of the amount funded... E.g. $20,000, you can charge $1,000To download as a PDF click here
- Bad credit history – ok
- Undischarged or discharged bankrupt – ok
- Consumer proposal (even if not completed) – ok
- Max 2 people on title – only 1 needs to sign
- Applicant must be employed and receiving a computerized paystub
- Housing payments not to exceed 30% of net income
- Housing payments + payments to debt not to exceed 40%
Some Conditions Apply
We know no deal fits into a box but here are some situations (including but not limited to) where a deal may not qualify:
- The applicant is self employed
- Existence of a CRA debt
- Certain property types and neighbourhoods
How to Submit a Deal
It doesn’t get easier than that!
1150 Sheppard Avenue West, Toronto, Ontario M3K 2B5 416.223.9300
Meet your underwriter
Submit Your Deal
You can submit your client’s application by emailing it to firstname.lastname@example.org and you will receive a response within the business day!
Once Approved – Your client can visit our office to sign the paperwork
You are paid on the very same day!
It’s that simple!
416.223.9300 ext 259