Banks and even Alt-A lenders have personal Line 150 (L15000) minimum debt servicing requirements. We don’t. Instead, we understand that income can come from different places, or even just be left in a corporation. If we can be shown that mortgage payments can be supported, and our other requirements are met, we’ll consider it.
70
Yes - Income for area should make sense.
| Document Name | Description |
|---|---|
| Subject Property Appraisal | An appraisal of the property by one of our approved appraisers. |
| Identification | Two pieces of ID, at least one being government issued. |
| Credit Bureau | An Equifax credit bureau for each borrower on the application, pulled within 30 days of submission. |
| Community Name | Max LTV | Special Terms |
|---|---|---|
| Salmon Arm | 70.0% | Standard product terms |
| Enderby | 60.0% | Standard product terms |
| Chetwynd | 55.0% | Standard product terms |
| Courtenay | 70.0% | Standard product terms |