Bank Mortgages (A Lender)
Mortgages provided by traditional banks and monoline lenders
Lowest rates, typically market-best rates
Requires stable personal income (salary or self-employed income shown on tax return)
Down payment history must be well-documented
Less than 20% down payment requires mortgage insurance
Strict approval standards, complete documentation required
Self-Employed Mortgages
Specialized mortgage solutions for self-employed individuals and business owners
Focuses on bank statements rather than tax returns only
Personal NOA or company NOA typically not required
Can obtain larger mortgages even with lower personal tax return income
More flexible approval process
Ideal for self-employed, contractors, and small business owners
Private Mortgages
Fast-track financing based on property value
Based on appraised property value as primary lending criterion
Uses loan-to-value (LTV) ratio to determine lending amount
Pricing determined by LTV percentage
Faster approval and funding compared to traditional lenders
Ideal for time-sensitive situations or non-traditional borrowers
Pre-Construction Mortgages
Financing for pre-construction and new property purchases
Financing available before property completion
Based on purchase agreement and project details
Flexible terms accommodating construction timelines
Competitive rates for qualified buyers
Expert guidance through purchase to completion
Bridge Financing
Short-term financing to bridge the gap between purchases
Temporary financing while waiting for primary residence sale
Allows purchase of new property before selling current home
Quick approval and funding process
Flexible terms and repayment options
Seamless transition between properties
Second Mortgage
Additional financing on top of an existing mortgage
Borrow against existing home equity
Keep your first mortgage intact
Flexible use of funds for renovations, investments, or other needs
Based on property appraisal and available equity
Competitive rates for qualified borrowers
Getting a mortgage is a big financial decision. Not sure where to start?
Contact Sarah Gu for a free consultation. We'll recommend the best solution based on your situation.