Haventree Bank

Alternative Lenders
Written By David Pipe
 

Review of Haventree Bank Mortgages

Founded in 1990, Haventree Bank specializes in alternative mortgage programs and insured GIC deposits. They help Canadians from coast-to-coast achieve homeownership by offering flexible mortgage solutions.

Haventree Bank offers tailored mortgage solutions with features such as flexible debt ratios, a bank statement program, and a rental program. They focus on providing financial options for clients who may not meet the strict criteria of traditional banks, particularly those needing flexible lending criteria.

 

Today’s Lowest Rates from Haventree Bank

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Ideal Client

Haventree Bank is ideally suited for business owners, individuals with bruised credit, and the self-employed, offering customized mortgage solutions and flexible financial assessments to meet the unique needs of these clients.

 

Special Features:

Rental Program

 

Haventree Bank offers a range of flexible features to accommodate various financial situations. They provide flexible debt ratios, allowing for a more personalized approach to your debt management. Their bank statement program is designed for self-employed individuals, making it easier to qualify based on bank statements rather than traditional income verification. Additionally, they offer a rental program for those looking to invest in properties, helping you navigate the mortgage process for rental investments. As with any lending option, it's important to weigh the strengths and limitations to find the best fit for your needs.

 

Downsides:

No Banking Services

High Penalties

Geographic Limitation

Paperwork Intensive

No Physical Branches

 

When considering this mortgage lender, it's important to be aware of a few downsides. They may charge a potential lender fee, and they don't offer banking services, which could be inconvenient for some clients. Additionally, their prepayment penalties are higher than some other lenders, and they have a limited lending area. You'll also need to navigate a paperwork-intensive application process, and keep in mind that there are no physical branches if you prefer in-person service. Being aware of these factors can help you make a more informed mortgage decision.

 

Best Suited For:

 

Bruised Credit

Self-Employed

Business Owners

 
 
 
 
 
David Pipe

David Pipe helps business owners, investors, and first-time homebuyers build and protect family wealth with creative financing and tax-efficient life insurance solutions. He is an award-winning mortgage agent and life insurance agent in Ontario. David believes education in personal finance and seeking great advice is the best way to reach our financial goals, and he is focused on sharing his knowledge with others. He lives in Guelph, Ontario with his wife Kate Pipe and their triplets (and english bulldog Myrtle).

https://www.wealthtrack.ca/about#about-david-pipe
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