We APPROVED this deal for a one-year term with an interest rate of Continue reading “Uninsured Case Study | Refinance for debt consolidation” »
Making the appraisal process easier for Brokers and Clients
Introducing our newest partner, Brookfield RPS
We are pleased to announce that you can now order appraisals through our trusted partner, Brookfield RPS, a Canadian valuation company and provider of residential real estate services, analytics and data. As a wholly-owned subsidiary of Brookfield Asset Management, Brookfield RPS has been serving the financial community for over 16 years. Mortgage brokers can now order appraisal products for MCAN-XCEED through Brookfield RPS Access.
How to get started: Continue reading “Partner spotlight: Brookfield RPS” »
Our commitment to you
Improved service levels & shorter turnaround times
We’ve made some big changes to expedite the application process for uninsured deals and we will continue to find ways to improve and expand our service to you and your clients.
Here’s what we we’re doing: Continue reading “Improved service levels & shorter turnaround times” »
RENTAL PROPERTY PURCHASE BY SELF-EMPLOYED CLIENT
We APPROVED this deal for a one-year term with an interest rate of Continue reading “Uninsured Case Study | Purchase by self-employed client” »
As a reminder, mortgage insurance premiums are set to increase by 15% on June 1st for LTVs greater than 90%. The change applies to both CMHC and Genworth and impacts only owner-occupied purchases of one- or two-unit properties.
To manage turnaround times on these deals, we will apply existing premiums to deals received by end of day on Wednesday, May 27, 2015; following that, new premiums will apply.
Please contact your BDM with any questions. Read the original news release from CMHC here.
We offer short-term bridge financing for up to 29 days to assist with the new XCEED purchase transaction. We require a firm sale agreement along with the current mortgage statement to ensure that the sale is final and to ensure net proceeds cover the bridge loan and closing cost.
Pricing and administrative fees vary and are calculated on the number of days the bridge loan is required and on the overall strength of the deal.
Best interest rate buy down
Our interest rate buy down offers you the most cost-effective way to offer your clients the lowest interest rates possible.
No minimum square footage
Sometimes people need less space. Urban living, millennial buyers and down-sizing boomers are all contributing to the popularity of a pared down lifestyle. Unlike many lenders, we don’t force any random square footage requirements, rather, we make our determination based on marketability.
GDS/TDS calculations do not include child support
Our GDS and TDS calculations do not include child support; rather, we deduct payments from income to determine feasibility.
As things begin to heat up outside and in the market, we’re looking for ways to make doing business with us easier and more profitable.
Simplicity mortgage solution from MCAN-XCEED offers long-term savings and stability
Our uninsured mortgage solutions offer exclusive solutions to clients who may not meet the tight restrictions imposed by traditional lending institutions. We offer Canadians choice, flexibility and opportunity.
We APPROVED this deal for… Continue reading “Uninsured Case Study | Refinancing with damaged credit” »