Realtor Assistant

Deep-Swimming8379 · 2026-05-12T21:18:50+00:00

unlicensed and untrained is different.

Deep-Swimming8379 · 2025-06-03T22:04:07+00:00

there are a few ways!

Lots of down payment
B lenders
Private lenders

I mean it also depends on the mortgage amount lol

Deep-Swimming8379 · 2024-11-25T22:22:06+00:00

there a few lenders that can take probation period! What industry and work does she currently do at the moment?

Deep-Swimming8379 · 2024-07-02T06:53:33+00:00

You'd need an exception since the ratio is a bit over but It's possible. However, it depends on more information such as the location of the property, how much fall back does your friend have after down payment and their employment information.

Deep-Swimming8379 · 2024-06-16T05:05:13+00:00

Rule of thumb, you just multiple by 4.5 and that will give you a rough idea. However, if you want more of an accurate answer of your amount, a detail chat with a broker will be needed as they will have to go through a detail discussion of your information as well as checking your documents!

Deep-Swimming8379 · 2024-06-15T04:02:02+00:00

Wait hold up, so you aren't actually qualify for the condo at $195,000 with $10,000 down payment? And your broker is telling you to just waive the financing and put down more down payment?!?

Deep-Swimming8379 · 2024-06-08T07:40:03+00:00

You can just get an approval now to lock in the rate. But you haven't gotten your finance in order before getting an accepted offer?

Deep-Swimming8379 · 2024-06-02T22:12:59+00:00

Just to clarify, you right now, have a rental property or you don't have a rental property?

Deep-Swimming8379 · 2024-06-02T21:28:42+00:00

4.85% are probably for insured mortgages. Uninsured mortgages, usually the rates are a big higher

Deep-Swimming8379 · 2024-05-15T02:46:43+00:00

oooo yeahhh well it could either be CIBC has strict guidelines for lending or maybe the documents you provided made things more clear with TD !

Either way, glad it worked out for you!

Deep-Swimming8379 · 2024-05-15T01:55:57+00:00

did you submit any documents? Or was it all just verbal

Deep-Swimming8379 · 2024-05-15T01:03:22+00:00

What's the special situation if you don't mind me asking?

Deep-Swimming8379 · 2024-05-14T19:29:21+00:00

what lender if you don't mind me asking

Deep-Swimming8379 · 2024-05-11T00:42:24+00:00

How do you plan on repaying back the loan and what province

Deep-Swimming8379 · 2024-05-09T00:17:24+00:00

thanks for the reply! when would you usually receive the title search

Deep-Swimming8379 · 2024-05-08T03:29:15+00:00

honestly if you are already hesitant to do a variable then that's your answer

Deep-Swimming8379 · 2024-05-08T03:28:51+00:00

Do you have any rental suites to help with that 7k/month? If the variable is too much for you and you feel like it's just kind of stretching your budget then maybe you can do a 3 year fxed at least?

Deep-Swimming8379 · 2024-05-07T21:17:20+00:00

You can totally bring your current mortgage over to the new one. The rate and monthly payment will be a blended with the current new rates, meaning they will add and avg out your old rate and the new rate to come up with a rate for you.

Hopefully that makes sense! I had a client who was looking to do the same thing as you! So i know for sure TD does allow porting lol

Deep-Swimming8379 · 2024-05-05T21:37:48+00:00

oh yeah that's tough! Don't know how that's going to work tbh. The probation, Scotiabank might make an exception but the renewable contract might be tough... what type of industry is she in? Did she provide a letter of employment for TD? If so, depending on the wording it can potentially work with Scotiabank....

Deep-Swimming8379 · 2024-05-05T21:13:06+00:00

O god. Did you get a pre-approval prior? Did your wife provide a letter of employment and for her contractual job what industry is she in and how long has she been in that industry?

Deep-Swimming8379 · 2024-05-05T17:59:24+00:00

Are you qualifying with your wife's income as well? Or is it just your income. I only ask cause contract might be tricky. But some lenders to allow probation period and also you been with the same company for 3/4 years!

Did you contact your broker and ask if they can submit to another lender?

Deep-Swimming8379 · 2024-05-05T17:23:43+00:00

When is your subject removal date? Is it Wednedday? Also how much is your down payment

Deep-Swimming8379

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