This was an elderly couple with only CPP as income. As a result, mortgage payments for the term will be deducted from the advance. This allowed the borrowers to avoid any monthly mortgage payments for the term....
NO appraisal was conducted. Borrower was in power of sale with CIBC. Proceeds will used to pay off CIBC. Referring agent is currently working on refinancing with a B lender....
A one year pre pay was taken from the mortgage advance. Borrower is currently on ODSP....
3 day closing with NO appraisal! Real estate comparable sales were used to determine the property value. Overseas owner, NO income verification and a beacon reject....
Borrower needed equity to start up a new business venture....
Borrowers were declined last minute at the bank and needed funds to close quick or risked loosing deposit. Funded in 3 business days....
Borrowers will be operating their business and renting out the other units. NO appraisal OR Phase 2 environmental was required....
NO appraisal. Borrower will be using funds to help finance a business overseas....
Power of Sale: Borrower had a previous bankruptcy and was a beacon reject, with no current income or employment verification. A one year pre pay from the proceeds was administered. This allowed the borrower to not have to make monthly payments, for the length of...
