• ResMor Trust Company announced two new mortgages yesterday:
• CreditAssist:  A mortgage with 95% financing for those with credit scores as low as 575, or 85% financing with a score over 539.
• Self Employed Simplified:  A mortgage with up to 95% financing for commissioned employees or the self-employed.  Just state your income.  Minimal documentation is required.  Note: Income stated must be “reasonable to the industry.”  Minimum credit score:  600 for 75% financing / 700 for 95% financing.

You can amortize either for up to 40 years! 

Contact us or any other professional mortgage planner for more info.