Approved! The purchase of a new home in Brampton will help this family rehabilitate credit and move forward. They’ll also receive peace of mind through our Free Home System Warranty for the full 1-year term!
Financial difficulties and late payments lead this BFS owner of a boutique store into credit trouble. After financially supporting their parents following a failed business venture, they are eager to rebuild their credit and get back on track as a family.
Purchasing and investing in a new family home is the perfect way to start fresh and invest in their future.
Income is sustainable and confirmable given the client has 7 years of experience in the industry. Using a 2-year BFS income average, we were able to approve the mortgage over $1M with 30-year amortization at 76% LTV.
It’s not uncommon to find clients in need of a mortgage over $1M in major centres across Canada. In February 2022, the price of the average Canadian home was $816,720 – that’s an increase of 20% over 2021. Ontario, New Brunswick, Britain Columbia and Nova Scotia all posted higher than the national average.
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