deals@cmiloans.ca
888-465-8564
www.canadianlending.ca
Example 2 - Incorrect calculation, no supporting
documentation
Here is an example of incorrect calculations.
Example 3 - Incomplete submission
An example of an incomplete submission with a lot of
missing information
• No application
• No credit bureau
• No reason for the request of the funds
• Seems to be a refinance, and no reason why it has to
closed by a specific date.
Example 5 – Good Submission
An example of significant information provided upfront
Example 4 – Incomplete submission
Here is an example of incorrect submission.
Hey John,
We have two proper es, and are looking for a fast commitment for
the deal
Total value: $1,345,000. Property 1 house in London appraised
at $725,000 and the second property 2 in Kitchener appraised at
$620,000 (Property 2 has a bank mortgage of $272,000)
We are seeking $675,000 in total funds
I am seeking either a new first at 79% LTV
Or a 1st on property 1 at 75% and a 2nd on property 2
Hi Pat,
I have Jennifer with a property value of $1.5 Mil, $600,000 is with
Sco aBank and she is looking for another $400,000 closed on Oct
31st 2018
What is the best rate and fee you can provide me with?
Let me ASAP please
Good Morning Linda,
I have a client that is looking for a second mortgage on their house
His house is in Purple Hill Ontario
The Property is valued at $698,000 and the current remaining
Mortgage is $348,000
Can you provide your rate and fees please?
Thank you!
Hi Jim,
Looking for a quick close we have the appraisal a ached. Want to
take a look at this one?
Clients are applying to refinance their 3 mortgages into 1 at 80% LTV.
Client was a registered nurse for 20 years. However, the last 2 years
she has been on disability. She con nues to earn her income and
hopes to return to work in the near future. Husband works part- me
on an hourly basis we have taken his 2 year average to calculate his
income on the applica on.
We will be using the addi onal equity to payout the rest of the debt
and give them a fresh start.
Value is based on purview and recent sales in the building.
Thanks for reviewing the file.
