Refinance your mortgage for up to 90% loan-to-value
Our refinance program is best for clients that are currently in a mortgage that is in good standing, that has matured, and who are not able to place this with any mortgage lenders.
We will pay off all existing mortgage lenders, judgments, collections and writs, tax arrears, consumer debts, and consumer proposal, leaving a minimum of 10% equity to be held in escrow for a high ratio re-purchase in the future.
Income requirement is four times income to house value. Please make sure the payout amounts includes all penalties and discharge fees.
Closing cost in advance before the offer becomes firm:
$375 and Up for Appraisal
$600 and Up for File Activation Fee (when live, we pull title and personal search)
$475 Home Inspection
$300 Independent Legal Advice
Closing cost deducted from proceeds through a letter of direction:
1% Consulting Fee
1% Broker Fee for You
Collections, Writs, Judgments, Debts to be Paid Out from Proceeds