Cambridge Mortgage Investment Corporation is a respected private mortgage lender offering a range of residential lending solutions. Known for its commitment to flexible and personalized financing, Cambridge Mortgage Investment Corporation provides options for urban and rural properties across various locations, with client profiles being a significant factor in their lending process.
Key Features of Cambridge Mortgage Investment Corporation’s Services:
Loan-to-Value (LTV) Ratios: Up to 70% LTV is considered for urban properties, while rural properties also have a maximum of 70% LTV, which may be adjusted based on the property’s location and the client’s individual profile.
Assessment for Loan Approval: Rather than strict GDS/TDS criteria, Cambridge Mortgage Investment Corporation assesses a borrower’s reasonable ability to pay, offering a more thoughtful and case-by-case approach.
Credit Score: The absence of a minimum beacon score requirement exemplifies their focus on equity and the overall borrower profile rather than just set credit parameters.
Interest Rates: The rate determination is influenced by LTV, property location and type, as well as the borrower’s profile, underscoring Cambridge Mortgage’s tailored approach to lending.
Amortization and Payment Options: While interest-only payments are a standard option, amortization can also be available on an exception basis, providing adaptable repayment schedules.
Property Types: Cambridge Mortgage Investment Corporation lends on various kinds of residential properties, including apartments, single-family homes, multi-family units, duplexes, triplexes, fourplexes, acreages, some recreational properties, secondary homes, and rental properties.
Processing Time: They operate with a commitment to quick service, typically providing loan commitments within 24 hours.
Documentation: Applicants will need to submit a completed application form and a credit bureau report that’s less than 30 days old. Appraisals are required on most files but can differ based on the type of property.
As an experienced mortgage broker, I, Elvira, have the skill set and knowledge to assist clients in navigating the loan options provided by Cambridge Mortgage Investment Corporation. My role is to help you find a customized mortgage solution that fits your specific financial status, property type, and repayment preference. Drawing on Cambridge Mortgage’s flexible terms and my expertise, you can expect diligent support in securing a mortgage tuned to your needs. If you are considering a private mortgage and require experienced guidance, please reach out to me, Elvira, for professional assistance in collaboration with Cambridge Mortgage Investment Corporation. Let’s work together to achieve your real estate financing goals.
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*If you find a lower rate on a similar** fixed rate mortgage, we’ll beat it or pay you $500 cash when you complete your mortgage with us. The rates are subject to change without notice. Not all applicants are eligible for the rates shown. Rate you receive may be different, depending upon your personal financial situation. Posted rates may be high ratio and/or quick close which can differ from conventional rates. Certain conditions and restrictions may apply. Rates may vary from Province to Province. Rates subject to change without notice. OAC. E&OE **A similar mortgage must be for the same property, term, and loan amount with the same or lower closing costs.
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