VanCity Credit Union offers the "Mixer Mortgage"
Vancity has begun offering joint mortgages to buyers pooling on a purchase. VanCity calls it a “mixer mortgage” and it basically allows up to four non-married people, to pool their downpayments and incomes to qualify for a mortgage loan. Each party’s name appears on the title for the property, but the owners decide how the costs will be divided amongst the partners.
Standard qualifying requirements are required such as employment, income confirmation and appraisal.
For more information please call Brent Irving at 604 - 764 - 6336.
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