Second Visit to Equitable Bank This Year. As a trusted partner, we maintain close ties with Equitable Bank to stay updated on industry trends and policies. This connection helps us resolve client issues efficiently and offer flexible mortgage options. Our collaboration allows us to explore new opportunities and deliver tailored solutions, making the loan process seamless and stress-free. Fortune Link Mortgage Group—Your Reliable Partner in Mortgages!

Are you struggling to secure a bank mortgage because you’re self-employed? Banks often view self-employed individuals as higher risk due to income instability and the challenges of Income verification. But don’t worry! Fortune Link Mortgage Group is partnered with over 50 banks and can guide you through various policies to find the mortgage that best suits your needs. Whether you’re purchasing a home or looking to refinance an existing property, Fortune Link Mortgage Group will ensure you get the best mortgage options available.

Mortgage Loan-to-Value can go as high as 99% of purchase price!

Fortune Link Mortgage Group is here to help you resolve these hurdles, ensuring a smooth and secure closing.

In Canada, the banking industry imposes strict requirements on the down payment for real estate purchases. Despite the common misconception that having sufficient down payment is enough in obtaining mortgage approval, many obstacles may surface during the loan application process. Such delays can potentially cause difficulties in closing deals on time. It is important to note that all banks in Canada are subject to oversight by government agencies with respect to the imple mentation of anti-money laundering, (AML) measures. As such, they are obligated to exercise strict control over all down payment transactions associated with the purchase of real estate. Typically, underwriters examine the bank statements of the account where the down payment has been deposited for a period of 1 to 3 months. During this period, any large deposits such as an amount exceeding $5,000 will be questioned with regards to its origin and validity. For instance, if the down payment comprises a gift of $15,000 from the mother and a gift of $10,000 from the brother, some banks may require 3 months of bank statements from both donors before transferring the funds to the purchaser. In the event that their accounts reflect no sizable inflows, apart from salary earnings, within the stipulated time frame, there would be no cause for concern. However, significant fund transfers during the three-month window may raise suspicion, thereby necessitating a detailed explanation. To avoid complications and potential delays in obtaining mortgage approval, it is advisable to deposit the down payment in an account for at least a couple of months before initiating the real estate transaction. I look forward to the inquiries and questions from prospective clients and guide you further on your mortgage applications.

Official Website: www.fortunelinkmortgagegroup.com "Our team comprises of seasoned mortgage agents who offer invaluable advice with exceptional professionalism. Our outstanding work has been recognized by numerous mortgage awards, and we take pride in overseeing every application and promptly resolving issues to help our clients achieve their dreams of homeownership and business expansion. 我们的团队由经验丰富的抵押贷款经纪组成，他们以非凡的专业精神提供宝贵的建议。我们出色的工作得到了众多抵押贷款奖项的认可，我们紧跟每一个贷款程序，并迅速解决问题，以帮助我们的客户实现他们的置业和事业扩展的梦想。"