How to Use Your Investments for Easier Mortgage Approvals- BMO Savers Mortgage
Title: Leveraging Your Investments for Easier Mortgage Approvals: An In-Depth Look at the Saver's Advantage Program
Introduction
- Brief overview of the challenges many face in meeting traditional mortgage approval criteria
- Introduction to the concept of using investments as a leveraging tool for mortgage approval
Section 1: The Saver's Advantage Program
- Explanation of what the program is
- Who it's designed for: Retirees, high-net worth individuals, self-employed professionals
- How it diverges from standard lending protocols
Section 2: Indirect Leverage
- Definition and explanation
- Benefits of "Indirect Leverage" in the mortgage approval process
- Real-world examples or case studies
Section 3: Eligible Assets and Ratios
- Types of assets that can be leveraged: deposit accounts, GIC’s, stocks, mutual funds, Employee share programs
- Explanation of the 1:1 ratio in extra lending approvals
Section 4: Practical Applications
- How this program can be used for various financial goals: purchasing homes, refinancing, or buying vacation properties
- Scenarios or listener questions where this approach has been successful
- To find out how the Saver's Advantage Program can work in your situation, call Kyle Cole, mortgage specialist with BMO.
For more information you can check out or BLOG at https://www.realtybytes.ca/blog
Contact information:
Kyle Cole | Mortgage Specialist BMO
647-331-8850
kyle.cole@bmo.com
Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
evelyn@evelynlopes.com
