A Net Worth Mortgage is a specialized mortgage designed for high net worth individuals. It takes into account not only your income and credit score but also your substantial liquid assets, providing tailored financing solutions.

To be eligible for a High Net Worth Mortgage, you must be a Canadian resident and file taxes in Canada. You should have a minimum of $250,000 in liquid assets, and for every dollar above the standard qualified amount, you must possess a corresponding dollar in liquid assets.

Eligible assets include GICs, TFSAs, ESOPs, Mutual Funds, Chequing & Saving Accounts, and more. Assets must be unencumbered and held by individuals listed on the mortgage application.

Net Worth Mortgages can be used for various purposes, including purchasing a new home, refinancing an existing mortgage, and switching/consolidating existing mortgages.

High Net Worth Mortgages offer loan-to-value ratios of up to 80% for borrowers with a total debt servicing ratio of 60% or less and up to 65% for borrowers with a total debt servicing ratio above 60%.

The maximum amortization period for these mortgages is 30 years, providing flexibility in managing your mortgage payments.

Working with Boychuk Mortgage Group as your mortgage broker is free, easy, and cost-effective. We specialize in high net worth mortgages, giving you access to a wide range of lenders and the best possible rates. Our experienced mortgage brokers provide unbiased advice and a personalized experience dedicated to your needs.

To get started, simply click the button on this page. You'll be redirected to our online mortgage application. Alternatively, wait for our call, and we'll guide you through the process over the phone.