Flexible solutions for traditional and non-traditional borrowers

Photo of a couple discussing alternative mortgage options while drinking coffee in the kitchen
Photo of a couple discussing alternative mortgage options while drinking coffee in the kitchen

Mortgage options, tailored for non-traditional borrowers

We offer a variety of products, including flexible alternative mortgage solutions, for clients who may not fit within traditional guidelines.

Purchasing a new home or rental property?

  • Find the perfect solution as new home buyers or real estate investors
  • Enjoy flexible lending solutions as a non-traditional borrower (self-employed, commissioned, bruised credit etc.)
  • Customize features, rates and terms specific to your needs

Whether you’re looking to purchase your own home or add to your rental portfolio, there are many options available. Explore the information below to help you decide what best matches your needs.

 

Benefits

New homes
  • Financing available for different property types: single-family detached homes, semi-detached or town houses and condominiums or apartments
  • Customized features, rates and terms are available to fit your specific needs
  • You have the opportunity to port your mortgage—transferring your existing mortgage terms to your new property
Rental properties
  • Our products are perfect for experienced investors who already own a number of rental properties
  • Access up to 80% of the value of each property if you meet insurer guidelines, and up to 75% if you don’t meet insurer’s guidelines
  • You have the opportunity to port your mortgage—transferring your existing mortgage terms to your new property

Save thousands of dollars and lower your interest rate by refinancing your mortgage

  • Achieve your short and long-term goals
  • Reduce your monthly payments and decrease interest charges over the life of your mortgage
  • Secure a lower interest rate

 

Benefits

Finance all of your goals

Take advantage of the equity in your home to help reach your goals:

  • Renovating your home
  • Contributing to your RRSP
  • Paying for tuition
  • Purchasing a rental or vacation property
  • Taking advantage of investment opportunities
Get ahead faster

Refinance to help you get ahead faster by:

  • Consolidating multiple, high-interest debts into one monthly payment
  • Securing a lower interest rate
Find flexible options

Find the mortgage rate option that works for you:

  • Lock in a competitive interest rate through a fixed rate mortgage
  • Decrease your long-term interest charges with a variable rate mortgage
  • Blend and extend your mortgage rate – blend the rate on your existing mortgage with the rate of the extended term
  • Take advantage of a home equity line of credit (if you own equity in your home) for a flexible mortgage solution that can change as your needs change

Is your mortgage up for renewal? It's time to talk to a renewal specialist about your borrowing needs

  • Your mortgage renewal can be made over the phone without hassle, legal fees or appraisal fees. We can help you structure your mortgage renewal to take advantage of these available benefits.
  • Using your prepayment privileges allows you to put extra money towards your mortgage principal without incurring prepayment charges

 

Contact us today to learn about your renewal options

Email: Optimumrenewals@nbc.ca

Toll free: 1 866-441-3775

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