Client Focused, Broker Driven

Products

Uninsured Mortgages

Are you ready for new uninsured clients who suddenly find themselves in unfamiliar territory? Their stories may be slightly more complicated but their expectations are clear.

Accessibility. Efficiency. Excellence.

Welcome to the new XMC.

Your experience and guidance are critical to the success of these clients. They require extra attention and often it’s those deals that demand a bit more of your time. That’s why we compensate you more than most lenders.

You earn up to 95 bps.

XMC Kinetic

Designed for Canadians who hold full-time employment with fully-verifiable income, carrying higher debt loads and, in some cases, damaged credit due to life events.

All mortgages will be qualified based on Bank of Canada Conventional 5-year fixed benchmark rate or contract rate + 2%, whichever is greater.

XMC accepts alternative income types, including Contributory up to $1,200 per month and Boarder income up $500 per month.

Beacon score ≥ 500

  • Purchase and refinance
  • 1-, 2- and 3-year closed terms
  • Prepayment privileges 20/20
  • Free Home System Warranty Insurance
  • Loan amount ≤ $2M
  • Rate hold 120 days for purchases, 60 days for refinances
  • LTV ≤ 80%
  • GDS/TDS: Up to 55%/55%
  • Amortization ≤ 35 years (Beacon score 680+)

Beacon score ≥ 475

  • Purchase and refinance
  • 1-, 2- and 3-year closed terms
  • Prepayment privileges 20/20
  • Free Home System Warranty Insurance
  • Loan amount ≤ $1M
  • Rate hold 120 days for purchases, 60 days for refinances
  • LTV ≤ 65%
  • GDS/TDS: Up to 60%/60%
  • Amortization ≤ 30 years

BFS PRO | SMART BFS

New mortgage solutions for self-employed professionals

BFS PRO & SMART BFS Clients are professionals in their chosen field—entrepreneurial, disciplined and resilient with a tonne of hustle.

We’ll use a standard combination of business, bank and financial statements to verify status and income.
See below product sheets for more details on our improved BFS Programs!

BFS PRO Product Sheet
SMART BFS Product Sheet

Meet some happy XMC Clients

We help clients just like yours every day – find out how.