This total net worth program allows us to exceed the standard debt to income ratios provided the client has sufficient assets in line with the excess mortgage amount required. Clients must have $1 in liquid assets for every dollar of mortgage that is required above the amount they would qualify for using standard income verification.
Here are a few of the important notes to know:
- Canadian Residents, paying taxes in Canada
- Credit score 780+
- Minimum liquid asset amount is $250,000 - required at application