Lending Guidelines

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approved on home equity - Lending Guidelines

Turnedaway.ca Conventional Program

The conventional mortgage branch of Turnedaway.ca funds residential mortgage deals up to 75% LTV. 1st, 2nd and 3rd mortgages can be arranged as high as $2 million and for as little as $25k. Not sure if your deal fits our program? Give us a call toll free at 1-855-668-3074 or email us at deals@turnedaway.ca

 1st Mortgages2nd Mortgages
Loan to ValueUp to 75% LTVUp to 75% LTV
Interest Rates4.95% to 8.95%9.95% to 12.95%
Commitment feesStarting at 1% Minimum fee $1500Starting at 1% Minimum fee $1395.00
Terms1 year1 year
Proof of IncomeN/AN/A
Minimum Beacon ScoreN/AN/A
Deal Sizes$25,000.00 to $2 Million$25,000.00 to $2 Million
Property TypesResidential & Multi Family UnitsResidential & Multi Family Units
Lending AreasMajor Urban City CentersMajor Urban City Centers
Call Us: 1-855-668-3074
Approvals within 24 hours

Turnedaway.ca Non-Conventional Program/High Ratio Program

The Non-Conventional mortgage branch of Turnedaway.ca funds residential mortgage deals up to 85% LTV. 1st, 2nd and 3rd mortgages can be arranged as high as $1.5 million and for as little as $15k. Not sure if your deal fits our program? Give us a call toll free at 1-855-668-3074 or email us at deals@turnedaway.ca

2nd Mortgages
Loan to Value Up to 85% LTV
Interest Rates 9.95% to 14%
Commitment fees Starting at 2.5%
Terms 1 year
Proof of Income N/A
Minimum Beacon Score N/A N/A
Deal Sizes $25,000.00 to $2 Million
Property Types Residential & Multi Family Units
Lending Areas Major Urban City Centers, rural areas (case by case)

Have you exhausted all of your options trying to get your clients an approval? Is their credit or lack of verifiable income making it impossible to bridge the gap? If you are tired of hearing NO or getting turnedaway, we can help!

Submit your application, credit report, mortgage summary and a copy of the appraisal if available (See our list of approved appraisers) to deals@turnedaway.ca or call us at 1-855-668-3074.

home purchase - Lending Guidelines