{"id":42,"date":"2015-05-25T12:09:06","date_gmt":"2015-05-25T12:09:06","guid":{"rendered":"http:\/\/www.iqinvest.ca\/mortgages\/?page_id=42"},"modified":"2021-01-28T06:48:28","modified_gmt":"2021-01-28T06:48:28","slug":"lending-guidelines","status":"publish","type":"page","link":"https:\/\/www.iqinvest.ca\/mortgages\/lending-guidelines\/","title":{"rendered":"Lending Guidelines"},"content":{"rendered":"<div class=\"row inner_bg-2 \" ><div class=\"cherry-box   box-238\"><div class=\"inner\"><div class=\"container\"><div class=\"row row-edge\">\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:175px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:80px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:60px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-text-obj\">\n<h2 style=\"text-align: center;\"><span style=\"color: #ffffff;\">Maximum Loan to Value Summaries<\/span><\/h2>\n<h3><\/h3>\n<h3 style=\"text-align: center;\"><span style=\"color: #ffffff;\">Loan Size &#8211; $25,000 and up<\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-803 \"><h3>80% LTV for Ontario<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"80\" data-value=\"80\" data-left=\"20\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:5px;border-style:solid;border-color:#63d0f1;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>80<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Residential Single Detached<\/div><\/div>\n<\/div>\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-1639 \"><h3>80% LTV for British Columbia<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"80\" data-value=\"80\" data-left=\"20\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:5px;border-style:solid;border-color:#63d0f1;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>80<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Coming Soon!<\/div><\/div>\n<\/div>\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-1640 \"><h3>75% LTV for Manitoba<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"75\" data-value=\"75\" data-left=\"25\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:5px;border-style:solid;border-color:#63d0f1;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>75<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Coming Soon!<\/div><\/div>\n<\/div>\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-1641 \"><h3>75% LTV for Nova Scotia<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"75\" data-value=\"75\" data-left=\"25\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:5px;border-style:solid;border-color:#63d0f1;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>75<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Coming Soon!<\/div><\/div>\n<\/div>\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-1629 \"><h3>80% LTV for Residential<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"80\" data-value=\"80\" data-left=\"20\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:5px;border-style:solid;border-color:#63d0f1;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>80<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Townhouse\/Condos<\/div><\/div>\n<\/div>\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-1631 \"><h3>80% LTV for Commercial<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"80\" data-value=\"80\" data-left=\"20\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:1px;border-style:solid;border-color:#63d0f1;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>80<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Max LTV<\/div><\/div>\n<\/div>\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-1633 \"><h3>80% LTV for Construction<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"80\" data-value=\"80\" data-left=\"20\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:5px;border-style:solid;border-color:#1fbeec;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>80<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Term - Max 12 months<\/div><\/div>\n<\/div>\n<div class=\"col-xs-10 col-sm-10 col-md-10 col-lg-3 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vert_rule r_orient offset-1\">\n<div class=\"cherry-chart chart-progress_bar chart-id-1636 \"><h3>50% LTV for Land<\/h3>\r\n<div class=\"cherry-progress-bar\">\r\n<div class=\"cherry-charts-bar radial\"  data-percent=\"50\" data-value=\"50\" data-left=\"50\" data-cutout=\"92\" data-color=\"#ffffff\" data-bg-color=\"#1fbeec\" data-user-settings=\"[]\"><canvas width=\"250\" height=\"250\" style=\"width:250px;height:250px;background-color:#1fbeec;border-width:5px;border-style:solid;border-color:#63d0f1;border-radius:250px;\"><\/canvas><\/div>\r\n<strong>50<\/strong>\r\n<\/div>\r\n<div class=\"cherry-chart-label\">Max LTV<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:60px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:60px;\"><\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-1802\" src=\"http:\/\/www.iqinvest.ca\/mortgages\/wp-content\/uploads\/2021\/01\/IQI-Product-Overview-scaled.jpg\" alt=\"\" width=\"1600\" height=\"1942\" srcset=\"https:\/\/www.iqinvest.ca\/mortgages\/wp-content\/uploads\/2021\/01\/IQI-Product-Overview-scaled.jpg 2109w, https:\/\/www.iqinvest.ca\/mortgages\/wp-content\/uploads\/2021\/01\/IQI-Product-Overview-247x300.jpg 247w, https:\/\/www.iqinvest.ca\/mortgages\/wp-content\/uploads\/2021\/01\/IQI-Product-Overview-844x1024.jpg 844w, https:\/\/www.iqinvest.ca\/mortgages\/wp-content\/uploads\/2021\/01\/IQI-Product-Overview-768x932.jpg 768w, https:\/\/www.iqinvest.ca\/mortgages\/wp-content\/uploads\/2021\/01\/IQI-Product-Overview-1266x1536.jpg 1266w, https:\/\/www.iqinvest.ca\/mortgages\/wp-content\/uploads\/2021\/01\/IQI-Product-Overview-1687x2048.jpg 1687w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/p>\n<div class=\"row  \" ><div class=\"cherry-box   box-929\"><div class=\"inner\"><div class=\"container\"><div class=\"row row-edge\">\n<div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-5 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 vertical_sep style-3 preset-1\">\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:126px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:20px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:20px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-text-obj\">\n<h2>Additional Details<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:32px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:32px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:32px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-text-obj motopress-margin-right-50\">\n<ul>\n<li>These are <strong>Guidelines Only<\/strong> \u2013 Rate and fees can be adjusted to make the deal work!<\/li>\n<li>Broker\u2019s Fee will be collected by IQInvest and paid to the broker upon funding<\/li>\n<li>Closed term or Open term on a 3-month interest penalty<\/li>\n<li>2<sup>nd<\/sup> Mortgages &#8211; 1<sup>st<\/sup> Mortgages can be private<\/li>\n<li>Rates can be bought down and added to lenders fee<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:30px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:20px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:20px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:40px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:40px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:40px;\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-5 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-2 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0  inner_bg-1\">\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:126px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:42px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:42px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-text-obj\">\n<h2><span style=\"color: #ffffff;\">Documents for Submission:<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:32px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:32px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:32px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-list font-icon cherry-list_8014   \">\n<ul>\n<li><span class=\"material-design-horizontal39 list-icon icon-538\"><\/span>Detailed synopsis of the client and the reason for the loan<\/li>\n<li><span class=\"material-design-horizontal39 list-icon icon-538\"><\/span>Updated Expert Filogix application and summary<\/li>\n<li><span class=\"material-design-horizontal39 list-icon icon-538\"><\/span>Purchase and Sale Agreement (for new purchases)<\/li>\n<li><span class=\"material-design-horizontal39 list-icon icon-538\"><\/span>All current mortgage details (lender, rate &amp; terms); information or payout statements (any mortgage in arrears) or postponement letters (explain: what\u2019s the penalty to break, cash back and\/or global limits on secured lines of credit or secured visas)<\/li>\n<li><span class=\"material-design-horizontal39 list-icon icon-538\"><\/span>Credit Report\/Bureau \u2013 ensure all assets and liabilities listed on the credit bureau are noted on your deal<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-text-obj\">\n<p><span style=\"color: #ffffff;\">To find out more please download:<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:30px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:30px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:30px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0 inner_buttons\">\n<div class=\"motopress-code-obj\">\n<a class=\"cherry-btn cherry-btn-primary cherry-btn-medium cherry-btn-inline cherry-btn-fade inverse \" target=\"_self\" href=\"https:\/\/www.iqinvest.ca\/mortgages\/?media_dl=1798\">Free Product Package<\/a> \u00a0 OR \u00a0 <a class=\"cherry-btn cherry-btn-primary-light cherry-btn-medium cherry-btn-inline cherry-btn-fade  \" target=\"_self\" href=\"mailto:deals@iqinvest.ca\">Submit Deal<\/a>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:80px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:52px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:52px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row faqs \" ><div class=\"cherry-box   box-361\"><div class=\"inner\"><div class=\"container\"><div class=\"row row-edge\">\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:175px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:80px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:60px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-text-obj\">\n<h2><span style=\"color: #ffffff;\">Frequently Asked Questions<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:29px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:20px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:20px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-6 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-code-obj\">\n<h4>Q. Which part of Ontario do you lend to?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong>\u00a0We lend throughout Ontario including urban, suburban and rural locations.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:1px;\"><\/div>\n<h4>Q. Who orders the appraisal?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:14px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong> Broker to order from Appraisal management company.\u00a0 You can find a list of our Approved Appraisers <a href=\"http:\/\/www.iqinvest.ca\/mortgages\/approved-appraisers\/\">here<\/a>.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:26px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:26px;\"><\/div>\n<h4>Q. Where should I email the conditions and supporting documentation?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong> Once your deal is approved, you can email all conditions and supporting documentation directly to docs@iqinvest.ca.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:1px;\"><\/div>\n<h4>Q. My client&#8217;s mortgage is coming to maturity now what?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:14px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong> We do ot take your clients.\u00a0 Our policy is to send clients back to their originating broker.\u00a0 A reminder will be sent (or call) to you and your clients when there are approximately 60-90 days left before your client&#8217;s mortgage matures.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:1px;\"><\/div>\n<h4>Q. Why do you require 6 months of bank statements?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong> We require 6 months of bank statements for cash flow verification purposes.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:1px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-6 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"motopress-code-obj\">\n<h4>Q. My application was approved for 75% LTV but I requested 80% LTV?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:14px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong>\u00a0We assess each application based on its merits.\u00a0 Approved loan to value depends on many factors including the property, area and applicant&#8217;s credit risks.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:1px;\"><\/div>\n<h4>Q. Do you accept applications with bankruptcies? Double bankruptcies? What type of re-established credit do you require?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:14px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong>\u00a0Yes, we do accept clients who have been bankrupt but are discharged. We prefer not to work with applicants that show double bankruptcies as the risk associated with lending to this type of client is too high. In terms of re-established credit, the underwriting department expects a minimum of 2 years re-established credit including a minimum of 1-2 trade lines.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:1px;\"><\/div>\n<h4>Q. What types of new immigrant applications will you accept? What documentation am I required to provide for this type of client?<\/h4>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:14px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:10px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:10px;\"><\/div>\n<p><strong>A.<\/strong>\u00a0We will accept new immigrant applications so long as the client has obtained Landed Immigrant Status within the last 3 years or has the supporting documentation to prove that the borrower\u2019s application for Permanent residence in Canada has been approved. The documentation must include the following a) a letter from the government confirming Landed Immigrant Status, or b) a Permanent Residency Card.<\/p>\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:1px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:1px;\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row row-edge  \" >\n<div class=\"col-md-12 col-xs-offset-0 col-sm-offset-0 col-md-offset-0 col-lg-offset-0 col-xs-pull-0 col-sm-pull-0 col-md-pull-0 col-lg-pull-0 col-xs-push-0 col-sm-push-0 col-md-push-0 col-lg-push-0\">\n<div class=\"cherry-spacer   hidden-xs hidden-sm\" style=\"height:175px;\"><\/div><div class=\"cherry-spacer   visible-sm-block\" style=\"height:80px;\"><\/div><div class=\"cherry-spacer   visible-xs-block\" style=\"height:60px;\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"open","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/pages\/42"}],"collection":[{"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/comments?post=42"}],"version-history":[{"count":35,"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/pages\/42\/revisions"}],"predecessor-version":[{"id":1812,"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/pages\/42\/revisions\/1812"}],"wp:attachment":[{"href":"https:\/\/www.iqinvest.ca\/mortgages\/wp-json\/wp\/v2\/media?parent=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}