We have a wide range of lenders!

April 30 2026

After 22 years of being mortgage brokers, we have developed relations hips with a wide range of top quality mortgage lenders, from Main Street banks to very flexible Private Lenders, each having their own niche/specialty.  For simplicity, let's call these lenders Type A, Type B, and Type C.

Type A

If you have good credit, verifiable income, and your debt ratios are within the bank's lending guidleines, you probably qualify for a mortgage with a Type A lender.  These lenders would include TD Canada Trust and Bank of Montreal, names you likely recognize.  But we also have several Type A broker lenders that you have probably never heard of, like Merix Financial and First National.

Type B

Type B lenders, like Home Trust or Excalibur, are very helpful in the event your credit has some issues, you are self-employed and cannot verify sufficient income to meet the Type A lenders criteria of calculating a 2-year average from your Line 15000 NET income from your last 2 years of tax returns, or if you have income tax arrears.  Type B lender rates are usually 1-2% higher than a Type A bank rate and they typically charge a 1-2% Lender fee on closing.  We often do a shorter 2-3 year term to give you time to re-establish your credit, or build your business income, so that you can qualify for Type A financing at the end of the term.  Type B lenders are often more conservative on the location of the home and prefer the home to be in, or near, a major town or city.  They do not like to finance rural properties or houses that need major renos.

Type C

Type C lenders are smaller, local, private lenders or Mortgage Investment Corporations (MIC) that rely more heavily on the equity in your home.  Therefore they usually will only finance up to 65% to 75% of the value of your home, depending on the strength of the application. They do need to be satisfied with your income documentation so that they can be assured you can afford the mortgage payments.  They can often help clients with severe credit issues. Type C lenders typically only do a 1-year term and the payments are usually interst-only.  The rate would likely be 5-6% higher than a bank, and they usually charge a 5-10% Lender fee on closing. They also need to know what your "Exit Strategy" is, so you will need to have a plan to be in a position to pay off the mortgage at the end of the year by qualifying for financing with a Type A or Type B lender.

Everyone's situation is unique and it would be impossible to provide details here on every possible scenario.  Please give is a call at 902-820-3303 for a friendly, no pressure, non-judgemental converation and we will certainly do our best to help.