2nd Mortgage Program Credit Repair Program
Stand out from the competition! Solidity is only partnering with select Dominion Lending Brokerages!
No auto-declines, all deals considered on own merit.
Solidity does not report to the credit bureau! Help re-establish your clients credit quickly with a debt consolidation!
Agent to charge broker fee.
Appraisals ordered by Solidity. Cost is borrowers responsibility.
|Purpose||Rebuild your clients credit with a Solidity mortgage.|
|Loan Amount||No Maximum
|Number of Units||1 to 4 Units|
|Amortization||LTV under 80% up to 30 year 0.20% premium on rate
LTV under 80% up to 35 year 0.40% premium on rate
Interest Only 0.60% premium on rate
|Eligibility*||Canadian Citizens, Permanent Residents, & Newcomers. Self Employed with 2 year NOA grossed by 15% or Eligible add backs.|
|Terms||1 or 2 year term closed. Open with 3 month penalty-
reduced to 1 month if refinanced by DLC agent
|Interest Rate||13.40% Fixed rate|
|Fees||$850+HST Mortgage set-up fee, and closing costs paid by the borrower|
* For borrowers without Canadian credit history where the LTV is < 80% Solidity willconsider alternative sources and willingness to pay the loan.
** Self-Employed without third party income validation