Winter Special Rates
starting from*Additional rate surcharges may apply for condominiums, rentals, major derogatory credit, loans greater than $1M. Contact your Regional Manager for more information about this exciting promotion.
Change is good.
A mortgage product that understands change?
Aveo is currently only available in Ontario, Manitoba, Saskatchewan, Alberta and British Columbia.
Life isn’t linear. There are twists and turns, surprise detours and new beginnings. Change makes life more exciting. The unexpected makes life worth living.
Unfortunately in your typical financing circles, some life events don’t translate so well when they’re entered into the rigid formula of a mortgage application. A shift from employed to self-employed, a change in marital status and credit status, a move from motherland to new Canadian – all life events worth celebrating, except when it comes to getting a mortgage.
Finally, there is a mortgage product that recognizes life happens. Where mainstream lenders stop, Aveo digs deeper to unearth a life story that can be just as creditworthy. We’re here to bring the dream of home ownership to the front door of more Canadians from coast to coast, and be a part of the next exciting chapter in a greater variety of deserving homeowners.
Imagine that, a mortgage product that celebrates diversity.
Maybe that’s why we’re known as Canada’s Mortgage Company™.
aspire to own.
Seth works for himself.
Mainstream mortgage financing does not.
That’s why there’s Aveo.
Mortgages for self-employed business owners
A few years ago, Seth followed his passion for cycling to the extreme – and started his own bike shop. It was tough going at first, with long hours, a steep learning curve and a couple of supplier issues, but he figured things out quickly.
By his third winter, Seth was in cruise control and drawing a relatively stable income from his business, even over the winter. Now he was ready for the next chapter – home ownership. There was a cool new loft development not far from his shop. A place to call home.
Seth gathered all his financials together and visited his local bank; the same place where he did all his business banking. To his surprise, his mortgage application was denied. He wasn’t able to show enough stable income history, and had some outstanding business credit. Seth was heartbroken.
One day shortly afterward, he was sharing his mortgage frustrations with another self-employed business owner and they knew a mortgage broker. Seth gave the broker a call, they met in-person and the broker offered some insight.
It seems mainstream banks are great for everyday banking, and everyday mortgages, but Seth isn’t your everyday guy. As a self-employed business owner, his application didn’t fit their rigid approval process. He wasn’t a huge credit risk, but to a mainstream bank he profiled like one.
Then his mortgage broker told Seth about Aveo from CMLS Financial. Aveo looks at the prospect of home ownership from a perspective mainstream banks do not. We understand self-employed income isn’t always linear. We understand people like Seth.
Not long after meeting with the broker, Seth was pre-approved. He made a down-payment on his future loft and is making plans to move in. Pretty soon, he won’t even bother biking to work anymore. He’ll be living so close, he can just walk.