This program is geared toward borrowers that can provide proof of income but do not otherwise meet the rigid guidelines of traditional prime lenders. Depending on your situation they can be a bit more flexible on credit requirements or extending your borrowing power beyond what’s traditionally available. They tend to offer competitive rates and are a good stepping stone option for borrowers that need a temporary solution before qualifying at a prime lender.
Rates and fees
Disclaimer: This rate table represents the best rates available from this lender. Rates and fees may depend on several factors, such as your Loan to Value, credit history, income, property use, property location, etc. For a precise quote, fill out the form at the bottom of the page for a no-obligation call.
This section lists what the lender either does accept or they may consider on a case-by-case basis depending on the rest of the application. If it’s case-by-case, we try and include a note in the policy details to help give more specific information. But keep in mind alternative (private and ‘b’) mortgages are situation dependent and some of the above items can’t be combined. If you’re unsure or have a question, please fill out the contact form at the bottom of the page or speak with your mortgage professional.
About the LenderThe AVEO™ mortgage product line, offered by the Canadian lender CMLS, is an alternative mortgage option designed to accommodate the diverse and often unpredictable financial situations of individuals. AVEO's underwriting process places an emphasis on a broader spectrum of credit analysis. This method takes into account the full scope of a borrower's life situation, aiming to provide a more comprehensive evaluation of their creditworthiness. This approach has the potential to benefit those who may be unable to secure a mortgage through conventional lending channels.
Request a Quote
The content on this website is for informational purposes only and does not constitute professional advice. Policies, rates, and fees are subject to change without notice at the lender’s discretion. There may be additional costs not mentioned on this page. Cost of financing is depends on the situation, and it is the responsibility of your mortgage professional to disclose that information at the time of application. In the event of a discrepancy between this page and the lender, the lender is assumed to be correct. Before making any financial decisions, please consult with a qualified mortgage professional. By using this website, you accept the above statement and our terms and conditions.