Alternative Lenders: Who Can They Help?

New immigrant family buying their new home in Canada

Banks have tightened their guidelines in recent years

Mortgage Warehouse’s solution is to explore options from alternative lenders and to offer flexible income verification. Every application is reviewed by a person, not a computer. We understand that each customer is unique, and we pride ourselves on providing a personalized, hassle-free experience.

Most of our customers usually fall into one of a few groups:

  • Small business owners who cannot prove enough income to qualify 
  • with a major bank;
  • New immigrants to Canada who do not have a credit history;
  • Homeowners who have built up equity in their property but do not meet income requirements of the major banks; and
  • Canadians with former credit difficulties that have since been resolved, including discharged bankrupts.

Government rules for lending to self-employed have changed

Mainstream lenders have tightened self employed qualifications, as a result, many self-employed borrowers who tax-manage their earnings (i.e., don’t pay themselves enough salaries or dividends) will find mainstream stated income programs ineffective.

We compare options from a wide variety of lenders and negotiate to secure the best possible rates, terms and conditions for you.

Mortgage Warehouse specializes in:

  • First & Second Mortgages
  • Up to 95% Financing
  • Self-Employed
  • Consolidate High Interest Debt
  • Private Funds 
  • Slow Credit
  • Residential & Commercial
  • Construction & Renovation
  • All Over Ontario