Graduate Program
A graduate program is a mortgage solution designed to help borrowers transition from alternative lending to more traditional lending options. This program typically helps clients move from higher interest rates with an alternative lender to lower rates offered by traditional lenders.
Key Aspects of the Graduate Program:
Interest Rate Reduction Path: As borrowers build a stronger credit history or improve financial stability, they can access lower rates from traditional lenders, reducing overall mortgage costs.
Supports Credit Improvement: Aimed at helping clients strengthen their credit profile, enabling a smoother transition to traditional lending options over time.
Overall, graduate programs provide a pathway to more affordable mortgage options for borrowers ready to shift from alternative lending to conventional loans.
To learn about which lenders offer graduate programs, read our Lender Reviews.
Learn More About Any of These Terms:
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A
- Oct 2, 2024 Amortization
- Oct 8, 2024 Alternative Rates
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B
- Oct 2, 2024 Beneficiary
- Oct 8, 2024 Bank Statement Program
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C
- Oct 2, 2024 Contribution Limit
- Oct 2, 2024 Emergency Fund
- Oct 2, 2024 Conversion
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D
- Oct 2, 2024 Death Benefit
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F
- Oct 17, 2024 Flexible Debt Ratios
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G
- Oct 2, 2024 Graduate Program
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H
- Oct 2, 2024 Home Equity Line of Credit (HELOC)
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L
- Oct 2, 2024 Lender Fee
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M
- Oct 2, 2024 Mortgage Insurance
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P
- Oct 2, 2024 Premium
- Oct 2, 2024 Permanent Life Insurance
- Oct 17, 2024 Penalties
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R
- Oct 2, 2024 Risk Tolerance
- Oct 2, 2024 RRSP (Registered Retirement Savings Plan)
- Oct 2, 2024 RESP (Registered Education Savings Plan)
- Oct 17, 2024 Rental Program
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S
- Oct 1, 2024 Stress Test
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T
- Oct 2, 2024 Term Life Insurance
- Oct 2, 2024 TFSA (Tax-Free Savings Account)