Real Deal | Purchase approval in Lake Country, BC

Purchase approval in Lake Country, BC
35-year amortization + elevated ratios

This XMC Alternative deal features a single client purchasing an owner-occupied property in Lake Country, BC.

The full-time commissioned realtor is relatively new in the business but has found success early in their career. We requested income documents upfront and determined sustainability and continuity – resulting in a quick YES!

With prime credit, great net worth, and a 35-year amortization, we approved the client at 75% LTV despite elevated ratios.

Deal Highlights

  • 35-year amortization
  • 3.25%
  • Elevated ratios
  • Deal approved at 75% LTV
  • 1-year closed

CREDIT

  • GDS/TDS: 53.94%/54.87%
  • Beacon score: 768

EMPLOYMENT

  • Type: Permanent full-time; Professional
  • Tenure: 5 months

PROPERTY

  • Occupancy: Owner-Occupied
  • Location: Lake Country, BC