Morgages We Recently Funded With Our Brokers
Lending Guidelines
Recently Funded
Approved Appraisers
Call Us When The Banks Says ‘No’
The bank has Several reasons to say no:
- Income unsatisfactory
- Credit Issues
- Down Payment/Equity is Borrowed
- Property Type/Zoning Unusual
- Location Issues
- CRA Tax Arrears
- Use Of Funds
The list goes on. But we’re here to help you find creative solutions- to helping you get your clients into their home.
Recently Funded First & Second Mortgages
Calgary, AB
Second Mortgage
Shelter Lending has funded $85,000 as 2nd mortgage with a 75% LTV
Purpose: Equity take out for debt consolidation and tax arrears.
Edmonton, AB
First Mortgage
Shelter Lending has funded $375,000 as 2nd mortgage with a 70% LTV
Purpose: Client needed a short term loan to purchase an additional rental property.
Coaldale, AB
Second Mortgage
Shelter Lending has funded $25,000 as a last & 2nd mortgage with a 75% LTV
Purpose: Client needed the funds to consolidate debt and clean up credit.
Edmonton, AB
First Mortgage
Shelter Lending has funded $599,300 as a last & 2nd mortgage with a 75% LTV
Purpose: Rental property refinance to consolidate debt and renovate other properties. Several other properties were blanketed.
Kamloops, BC
Second Mortgage
Shelter Lending has funded $139,500 as 2nd mortgage with a 75% LTV
Purpose: Debt consolidation. The borrower was in a car accident and got behind on consumer debt payments.
Kelowna, BC
Second Mortgage
Shelter Lending has funded $226,250 as 2nd mortgage with a 80% LTV
Purpose: Debt consolidation. The borrower started a new job and didn’t qualify for bank financing.
Kelowna, BC
First & Second Mortgage
Shelter Lending has funded $355,000 as a last & 2nd mortgage with a 75% LTV
Purpose: Refinance to buyout ex-spouse. Borrower is self-employed and income didn’t fit the bank criteria.
Victoria, BC
Second Mortgage
Shelter Lending has funded $80,000 as a last & 2nd mortgage with a 77% LTV
Purpose: Equity take out to complete suite and upgrades. Was BFS but recently returned to being an employee and couldn’t qualify at a bank.
Winnipeg,MB
First Mortgage
Shelter Lending has funded $101,250 as 2nd mortgage with a 75% LTV
Purpose: Rental property purchase to a client with high TDS/GDS.
Winnipeg,MB
First Mortgage
Shelter Lending has funded $57,500 as 2nd mortgage with a 70% LTV
Purpose: Client purchasing a tear down property to build a new home on.
Lending Guidelines
Curious about our typical interest rates and what qualifies?
Interested In Investing?
Individuals interested in investing in either fund can learn more through Northern Alliance Financial Corp.
Questions About Using Shelter Lending As An Alternative Lender?
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