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
[email protected]

Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
[email protected]