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Neighbourhood Holding Company Ltd

Neighbourhood Holding Company Ltd. is a Mortgage Investment Corporation (MIC) that specializes in offering non-income qualifier (NIQ) mortgage solutions. They have a long-standing history of helping a plethora of borrowers, particularly those with unique credit situations and debt consolidation requirements. The company provides alternative residential mortgages across several regions in Canada, including British Columbia, Alberta, Manitoba, Ontario, Quebec, and Nova Scotia.

What Neighbourhood Holding Company Ltd. Offers:

  • Loan-To-Value (LTV): The maximum LTV provided is up to 65%, subject to credit approval with a minimum beacon score of 500, accommodating a range of borrowing needs.
  • Credit Score Acceptance: With a minimum acceptable beacon score of 500, Neighbourhood Holding Company Ltd. shows flexibility, welcoming past bankruptcies and offering options even without existing mortgage arrears.
  • Debt Service Ratios: Understanding that every financial situation is different, the company imposes no maximum GDS/TDS, preferring to evaluate each borrower’s ability to pay on its individual merits.
  • Repayment Flexibility: Borrowers can benefit from interest-only payments and have the option of up to 40 years of amortization to manage their monthly financial obligations efficiently.
  • Loan Terms: Available loan terms range from one to three years, with both open and closed options offered. Open terms carry a 1% lender fee, while closed terms can be repaid at any time, subject to a three-month interest prepayment penalty.
  • Residential Property Financing: A wide range of properties are considered for financing, from single-family and multi-family homes to long-term rentals.
  • Efficiency: Neighbourhood Holding Company Ltd. prides itself on a 24-hour turnaround time, demonstrating its commitment to quick and hassle-free service.
  • Required Documentation: A comprehensive application process includes a need for appraisals on all files, credit reports, purchase agreements, and MLS listings where applicable.

As a mortgage broker, I, Elvira, have the expertise to guide you through Neighbourhood Holding Company Ltd.’s lending process. Whether you’re looking to purchase a new property, undertake renovations, or need refinancing, my goal is to help you secure a loan that aligns with your financial objectives. In collaboration with Neighbourhood Holding Company Ltd., we can navigate the NIQ loan landscape, utilizing their diverse product suite to find a solution tailored to your needs. For personalized assistance in acquiring a private mortgage, please reach out to me, Elvira, and let’s unlock your property’s potential together with one of Canada’s most resourceful private lenders.