As of today, 2nd mortgage up to 95% LTV is available through selective lenders as long as the first position lender is a CMHC approved lender. If you are planning to do some equity take out on your principle residence, this will work well. For a business for self (stated income), this program is also available up to 90% LTV through very selective lender.
A few restrictions:
1-3 fixed rate selection
Owner occpuied properties only
First mortgage must be an approved CMHC elnder
Maximum 75% LTV conventional
Maximum 95% LTV high ratio insured mortgage
Stated income - must have 680> beacon score
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