Low CreditHigh TDS/GDSLow or No IncomePower of SalePower of AttorneyCRA ArrearsPast BankruptcyRural PropertyVirtual Signings
Use Stonefield Capital as Your Underwriter!
E-mail us the property address(es), existing mortgage balances, overall funds requested and the story. We underwrite quickly to let you know the approximate LTV and suggest a structure for your file.
Rates and fees shown are indicative, apply to residential property in Ontario, and are subject to change without notice. This is not a commitment to lend. Every mortgage is subject to underwriting, property assessment, and a clear exit. For mortgage-broker use only — not for distribution to the public.
What we need to issue a commitment. It depends on the file, but a complete package typically means:
✓Application
✓Credit bureaus
✓Identification, or articles of incorporation if the borrower is a company
✓Property tax statement
✓Existing mortgage statements
✓Agreement of purchase and sale, if a purchase
✓Lease agreements, if a rental
✓Notices of Assessment, and HST returns if a corporation
For Stonefield Ace pricing, add
✓Appraisal from the approved list
✓Three months of bank statements
For a first answer, the property address, the existing mortgage balances, the story and the net funds needed are enough. The full package is what gets the commitment issued.
Rates and fees shown are indicative, apply to residential property in Ontario, and are subject to change without notice. This is not a commitment to lend. Every mortgage is subject to underwriting, property assessment, and a clear exit. For mortgage-broker use only — not for distribution to the public.