Real Deal | Alt Approval on a $1.3 Million Purchase in Richmond Hill, ON!

Alternative Approval on a $1.3 Million Purchase in Richmond Hill, ON!

This week we are taking a look at an XMC loan approval of over 1.3 Million dollars!

These borrowers are two professionals with full-time salaried jobs and long tenures – making this a quick yes for us!

With stable income, excellent credit, and a very marketable property, we were able to approve this deal at 80% LTV and a 3.14% Interest Rate!

In addition, these clients will receive 1 full year of FREE Home System Warranty!

Deal Highlights

  • 807 Beacon
  • 35-year Amortization
  • Deal Approved at 80% LTV
  • 1 Year Closed
  • 3.14%
  • FREE Home System Warranty for the full 1 year!

Credit

  • GDS/TDS: 46.37%/ 49.85%

Beacons:

  • Applicant 1: 807
  • Applicant 2: 801

Employment

  • Full-time; permanent; Manager; Tenure – 4 years
  • Full-time; permanent; Professional; Tenure > 1 year

Property

  • Owner Occupied
  • Richmond Hill, ON