Lender Information

Status Level

CEO

Submission Agent

Kevin Dear

Submit Direct With Velocity

Yes

Portal Login

CEO2017!

Portal Website

How to Send Documents

Email Documents Directly to your Underwriter Michael

Rate Holds

Pre-Approvals are good for 120days, they are not underwritten and are a rate hold only

Quick Tip--If you have a pre-approval your clients are not eligible for our promo rates

Niches

Stated Income on both the A and the B Side--Call Kim for Full Details 604-649-5544

Transfers--See Below for Quick Tips

INSURED, original funding date prior to Oct 16, 2017:
 You CAN qualify on contract rate for 5 year fixed term
 You CAN have a property value>$1M
 You CAN transfer the amortization as is

INSURABLE and UNINSURABLE, original funding date prior to Nov 30, 2017:
 You CAN transfer
 You CAN qualify on contract rate for a 5 year fixed term
 You CAN have a property value over or under $1M
 You CAN have a max amortization of 25 years. (You can reduce amortization to 25 years at the time of transfer to meet requirement)


Did you know:
 Street has no minimum term to transfer - Clients can choose a 1-5 year term
 No fee transfer on Standard Charge Mortgages
 No rate premium added to collateral transfers
 We will consider capitalizing up to $3000 in fees into the new mortgage amount: =<90%LTV Fees can include penalty from previous financial institution. For both standard and collateral charge mortgages
 Client Paid insurance premium can be added to the mortgage at the time of transfer! Resulting in an INSURED mortgage = INSURED rates! AND future insured rates for client.



Common Sense Lending