RESCO MIC
Our Service Commitment
Applications Response Timeline
- Same Business Day if submitted before 1 PM
- Never longer than one Business Day
Deal Funding Timeline
- Three Business Days or less after Broker Complete
Our Lending Products
- Residential 1st mortgages.
- Residential 2nd in mortgages.
- Residential 1st and 2nd Bundle
- Bridge Loans up to 3 months
- 2nd Mortgages behind Collateral Mortgage or Reverse Mortgage
- Non-Resident Program up to 65% LTV
Our Lending Parameters
- LTV based on appraised value for new builds
- No Income Verification
- No GDS/TDS
- No Minimum Beacon Score
- Purchase LTV: 80% (85% on exception basis)
- Refinance LTV: 75% (80% on exception basis)
