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.