If you’re self-employed like us, you’ve likely experienced how difficult it can be to obtain financing from a lender. With 15% of the Canadian population being self-employed, the reality is that most of these individuals show much less income on their tax return than they actually earn. While this allows significant tax savings, it will work against you when obtaining mortgage financing. As a general rule, most lenders will only take the last two-years of net income, (not gross) and use this as a benchmark to determine the mortgage you qualify for. In many cases, this works against you on a mortgage application, resulting in a loan below your desired amount.

We are also self-employed and speak your language. With access to 60+ lenders nationwide, including credit unions, non-bank lenders and alternative lenders, we can find a customized solution specifically customized for our self-employed clients’ unique needs.

For specific clients, the traditional retail branch or mortgage brokerage channels do not have suitable mortgage solutions. Let us review your jumbo mortgage and recommend a private bank that may be suitable to finance your luxury property or second home.

The lending environment has completely changed as a result of new Stress Test rules and maximum mortgage & door limit policies leading to decreased lender appetite for residential rental property investments.

Investment Property financing is one of our specialties. We understand investors and their needs and strategically place you with the right lenders based on your portfolio size to ensure you can continue to successfully grow your rental portfolio without hitting that “financing wall”

Try the HALO Rental Worksheet

Every deal is a “one-off” and each loan is priced according to its own merit with respect to the potential risk involved. We never “sell” a mortgage opportunity to our lenders, but rather we provide investors with all the information they require to make a sound investment decision. This includes the borrower’s application and credit bureau, the purchase agreement (if applicable), financial and operating statements for the borrowing corporation, a rent roll summary, property appraisal, and environmental report if necessary. The timing is usually very tight – borrowers are coming to us because of our ability to close deals quickly – though you will generally have a week or so from the time we call with the loan details to the time the deal closes.

We evaluate the strength of the property, as opposed to the borrower. We are ONLY interested in the equity of the property and can arrange private mortgages quickly when required.

Obtaining a conventional mortgage can be challenging if you have damaged credit or need immediate access to funds. HALO is only interested in your property’s value and doesn’t place importance on your credit or income history. This makes qualifying for a private mortgage with us simple and efficient.

We issue LOI’s within 48 – 72 hours and don’t accept deals that we can’t fund.

Sometimes you need a mortgage that recognizes your current income, and not historical earnings. We have lenders that will lend based on your monthly deposits instead of tax returns at competitive rates.

Whether you’re renewing your mortgage at the end of your term or considering a refinance allowing you to restructure your mortgage, our team of experts can leverage our first-class knowledge and access to 60+ lenders nationwide to ensure a customized solution for your needs.

When shopping for a property, ensuring that you understand your mortgage options will allow for a streamlined experience. When you understand your financing options going into a deal you will be able to offer with confidence to win in competitive situations without worry

Pre-approvals are not a formal approval and lenders will include several conditions precedent that are required to be fulfilled before your mortgage is considered firm. Working closely with a HALO Mortgage agent will ensure you minimize surprises and close smoothly with confidence.