Your clients will love us for:

  • Zero lender’s legal fee
  • Zero renewal fees
  • Holdco property ownership welcome
  • Prepayment options
  • Bankruptcy friendly
  • Payout of proposals and tax debts
  • Land financing
  • BFS DS ratio calculation method considers income in corporate structure sheltered from the tax man.

Brokers love us for:

  • The client’s story matters to us
  • Local decision making
  • Our underwriters have approval authority
  • B rates –> throughout NS, NB, PEI
  • No minimum credit score
  • Blanket Mortgages available
  • Guarantors accepted to improve DS ratios and Credit Score
  • Renewal compensation of 10bps/year of term
  • DS ratios based on:
    • 85% rental inclusion (or offset)
    • BFS corporate income (T2 line 9970) + personal T4 income
  • TDS of 70% with good score and logical affordability
  • We abolished the 5% rule.. actual revolving debt payments determine DS ratios

Compensation:

  • B lending: 1% comp (based on a 2% fee)
  • C lending (Construction):
    • 2% comp (based on a 4.5% lender fee) *sub $600k approvals may be higher.
    • 1% comp with concierge service (send us a partial app and we’ll do the rest)
  • Brokers may reduce comp to reduce total fee

Underwriting:

Broker Contact:

  • (902) 593-1475 – Emma – Business Relationship Officer
  • (902) 818-5500 – David  – Strategic Advisor
  • bro@yescapital.ca