In today's podcast episode of Realty Bytes- Conversations on Real Estate and Lifestyle, , we discuss an underutilized strategy that could revolutionize your mortgage approval process: leveraging your investments. We explore the ins and outs of the innovative 'Saver's Advantage Program,' by BMO- Bank of Montreal. Mortgage specialist Kyle Cole explains how this program works and how it is designed for those who may not meet standard lending conditions but have strong savings and investment portfolios. Whether you're a retiree, a high net-worth individual, or a self-employed professional, this episode will show you how to use your financial assets to your advantage. We'll break down the concept of 'Indirect Leverage,' where your investments aren't held but merely acknowledged to offset high servicing ratios, and discuss how this can lead to greater lending flexibility. You'll also learn about the eligible assets that can be used in the program and hear real-life examples of how this strategy has benefited many individuals who may, without this program, may not have been able to qualify for the mortgage and home they wanted. Don't miss out on this episode full of actionable insights to optimize your mortgage approval process and achieve greater financial freedom."
Title: Leveraging Your Investments for Easier Mortgage Approvals: An In-Depth Look at the Saver's Advantage Program
Introduction
Section 1: The Saver's Advantage Program
Section 2: Indirect Leverage
Section 3: Eligible Assets and Ratios
Section 4: Practical Applications
For more information you can check out or BLOG at https://www.realtybytes.ca/blog
Contact information:
Kyle Cole | Mortgage Specialist BMO
647-331-8850
kyle.cole@bmo.com
Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
evelyn@evelynlopes.com