Alternative Lending

With the ever-changing market and stricter stress tests, many Canadians are finding it harder to qualify for mortgages through traditional "A-Lenders" and are turning to alternative lending solutions. 

I work with many alternative lenders who offer excellent mortgage options with more flexible criteria and lenient qualification requirements. These lenders are ideal for individuals with non-traditional income sources, such as capital gains, rental income, or child tax benefits, and for self-employed applicants without a long income history. 

They also cater to those with lower credit scores, offering slightly higher but still competitive rates. Alternative lenders often have shorter terms, allowing you to rebuild your credit while owning a home. Additionally, they can expand debt service ratios, helping those who don’t qualify under the stress test. For unique situations, I have access to private lenders who provide even more flexibility. 

Unsure about your options? Give me a call to explore the different mortgage solutions available to you.