Securing Your Future with Asset-Based Mortgage Solutions
Your liquid assets will define how much mortgage you can qualify for. Get Started Today
We understand that high net worth individuals have unique financial profiles that may not fit into the conventional mortgage mold. With an inconsistent stream of income but substantial liquid assets, you may find that traditional lending criteria do not reflect your true borrowing capacity. This is where our High Net Worth Mortgage Program comes into play.
Who Can Qualify?
This program is tailored for individuals with:
- Sizeable liquid assets, including cash, stocks, bonds, Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), and Tax-Free Savings Accounts (TFSAs) totaling $250,000 or more.
- Ownership of these assets for at least 12 months prior to applying for a mortgage.
Steps to Qualification:
Asset Verification
Demonstrate stability and existence of liquid assets over the required period for qualification.
Credit Excellence
Maintain a high credit score, as this is critical given the potential modesty of income relative to assets.
Income Proof
Submit pay stubs and Notices of Assessment, even if not the primary qualification criterion for high net worth individuals.
Debt Consideration
Understand that any current debt will be subtracted from your assets in net worth calculations.
Expert Consultation
Engage with our mortgage specialists to navigate the complexities of asset-based mortgage qualifications.
Advantages of a High Net Worth Mortgage with HM Mortgages:
Flexible Qualification Criteria:
Acknowledging the full scope of your financial standing beyond traditional income metrics.
Personalized Service:
Our mortgage experts provide bespoke advice, understanding that your financial situation is as unique as your lifestyle.
Competitive Rates:
Access to favorable mortgage terms and rates that reflect your financial health and asset base.
Discretion and Privacy:
We offer a discreet service tailored to the exclusivity and privacy needs of our high net worth clients.
Streamlined Process:
Our experts streamline the mortgage process, from initial consultation to closing, respecting the value of your time.
At HM Mortgages, we believe your assets should work for you, paving the way to a mortgage solution that’s as affluent as your lifestyle. With an impressive portfolio of high net worth clients, we’re not just lenders; we’re your partners in financial success. If your wealth is in your assets and you seek a mortgage that reflects this, get in touch with our experts today for an in-depth understanding of high-net-worth mortgages.
