Can I Qualify Based Off of My Net Worth?
You sure can! This is called a Net Worth Mortgage Program.
If you have a minimum of $250,000 in “liquid” assets in an account for longer than 90 days, we can use those savings to help you qualify.
Let’s take a deeper dive at the specific guidelines below:
- For every $1 in liquid assets, you will qualify for $1 in additional mortgage financing.
- Must be earning a minimum income of $1,000 a month in addition to this program.
- These funds must be in addition to your down payment.
- You must be a Canadian resident paying taxes in Canada.
If this sounds like you, reach out to one of our trusted advisors to learn more.