RiverRock lends up to 80% loan to value on residential properties in urban and suburban areas in Ontario.
RiverRock will consider the following:
We offer 1st & 2nd mortgages
New construction purchases using appraised value (case by case)
Rent to own (case by case)
Self-declared income letters with no supporting documents
Soft or poor credit with an explanation
Discharged Bankrupts – no waiting period
We will consider mortgages to people who are in a credit proposal
Flexible on GDS & TDS calculations
In arrears with an explanation and a plan to move forward
Property must be marketable
Must be appraised by a RiverRock approved appraiser
Common sense approach to lending
RiverRock has a partnership with First Canadian Title Insurance. This allows the client to use their own solicitor and therefore keeps the costs down for the Borrower.
Our brokers and agents get a $500 bonus when their referred licensed broker or agent closes a deal with us before the year ends.
Valued up to a maximum of $1500 CAD per broker or agent within a calendar year. Bonus will be provided once the new referrals deal has closed. Broker/agent must be a new contact to RiverRock. For more information about this offer, please reach out to your regional BDM.
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