High Ratio Private Mortgage^SM 

Is this for you?

Yes - if you are turned down by your bank or mortgage broker. You need to get a loan on your house and you need up to 80% loan-to-value. For example, if your house is worth $100,000.00, you need a mortgage of up to $80,000.00.

MortgageQuote's Solution for you:

High Ratio Private Mortgage^SM 

Private lenders normally did not lend beyond 80% LTV including lender/broker fees. This means that your clients net between 65% to 72% LTV into their pockets. One or our private lenders sees a niche in the market place and offers your eligible clients a higher ratio solution of between 77% LTV to 80% LTV, with "fees on top".

General Terms:

77% to 80% LTV  (before any fees)

Rate: starts at 9.85%. Lender to decide, based upon merits of borrower

Hi-Ratio Premium: starts at 5%. Lender to decide, based upon merits of borrower

Qualifying Criteria: Applicants must have  a proven capacity to pay and applicants must be credible

Priority: First or Second Mortgages

Geography: Major Urban Centers only please, in Alberta or British Columbia

Residential Rental or Owner-Occupied

Typical Client: Self Employed or strong cash flow wage earner. People who do not qualify for an institutional sub-prime program or people who need to have more than 70% LTV into their pocket, before fees. Please ensure you  can prove cashflow; the lender is not interested in lending to unrealistic situations.

This is a powerfully good solution for those who fit the criteria. 

Contact a member of our team for prompt service to you.