B2B Bank’s Equity 50 program is great for individuals that have a hard time proving income in the traditional sources. Clients can access up to 50% of their home value on a first mortgage or refinance the current mortgage.
This program has proven to be especially popular with those in pension, and other people whose income does not meet their banks requirements of affordability, self-employed people whose notice of assessment income is not enough and part-time employees.
The B2B Bank’s Equity 50 program offers very flexible ratios requirements that are derived from a low-income period suffered by the family, easing the way out when families struggle to meet their current mortgage payments with their current lender.
If you are currently in a similar position as described above, you may consider the B2B Bank’s Equity 50 program as an alternative to refinance and consolidate your debts and better your current cash flow that may help you get back on your feet sooner rather than later.
Let me help you with your mortgage!
Clients can be self-employed, be on fixed income (such as pensions), or simply have limited income reported to CRA
400,000 Maximum loan amount
The client must have a domestic (Canadian) source of income
Credit score must be fair, good or excellent
Property must be a marketable property (close proximity to major urban centre)
Must be owner occupied primary residence.
Get more details now!