Mortgage Based on High Net Worth

TD has a program for clients with a high net worth to obtain mortgage financing.  The "high net worth" purchase/refinance program is based on the verification of the applicant's high net-worth which the lender will use to offer flexibility on the traditional income qualification requirement.

The program can offer up to 65% loan to value on a purchase, refinance, or a construction mortgage of a new Primary residence home, a second occupied home or a cottage/recreation home (owner occupied).  Applicants must show a minimum $500,000 or more in liquid assets (investments, savings, RRSP, TFSA) which have been held for 90 days or more in Canada. Applicants may obtain a mortgage or a flex-line (mortgage plus line of credit) option for financing.

High net-worth applicants who are retired, semi-retired or self-employed may find this program most useful. The program understands some applicants cannot show enough traditional income required to debt service a mortgage financing request, but the high net-worth applicants have sufficient liquid assets and down payment funds to show and support their financial strength.

For more information about additional program requirements contact Sean Dhillon, Manager Mortgage Specialist, TD Bank 250-818-1943 sean.dhillon@td.com "