Institutional lenders are also known as banks, credit unions and trust companies. These can be classified in two different categories, A-lenders & B-lenders

A lenders

A-lender mortgages are usually the big banks in Canada. These institutions typically have the best possible rates combined with the lowest fees, they mostly only offer mortgages to applicants who have steady income and a great credit score that’s above 650. A-lenders are the only institutions that offer both conventional and high ratio insured mortgages, high ratio insured meaning less than 20% down, this Some A-lenders also offer B-lender products as an alternative option for clients they can’t qualify in the A-space.

B-lenders

B-lenders mortgages are the alternative option for applicants denied by A lenders. B lenders are some of the easier institutions to get a mortgage with as they offer more flexibility in qualifying requirements and standards. This includes more flexible GDS-TDS ratios, stated income for self employed clients, being accepting of past consumer proposals or bankruptcy’s and generally more lenient policies.

Institutional lenders are also known as banks, credit unions and trust companies. These can be classified in two different categories, A-lenders & B-lenders

A lenders 

• A-lender mortgages are usually the big banks in Canada. These institutions typically have the best possible rates combined with the lowest fees, they mostly only offer mortgages to applicants who have steady income and a great credit score that’s above 650. A-lenders are the only institutions that offer both conventional and high ratio insured mortgages, high ratio insured meaning less than 20% down, this Some A-lenders also offer B-lender products as an alternative option for clients they can’t qualify in the A-space. 
• B-lenders mortgages are the alternative option for applicants denied by A lenders. B-lenders are some of the easier institutions to get a mortgage with as they offer more flexibility in qualifying requirements and standards. This includes more flexible GDS-TDS ratios, stated income for self employed clients, being accepting of past consumer proposals or bankruptcy’s and generally more lenient policies.