Founded in 1996, RFA (Realty Financial Advisors) is a Canadian-owned real estate investment firm grounded in the Commercial and Asset Management segments.

RFA provides flexible mortgage solutions with competitive rates and offers programs such as their rental program and bank statement program. RFA also has a special program for frontline workers and a graduate program that helps clients transition from alternative to traditional mortgages.

• Type of Lender: Monoline

• Relevant Links: Mortgage Calculator & Client Portal

Ideal Client

RFA is best suited for first-time buyers, business owners, self-employed individuals, investors, and new Canadians. RFA offers tailored solutions for those with varied income streams and supports clients seeking to transition into more traditional mortgage products.

Special Features:

RFA offers several mortgage features designed to meet diverse needs. Their bank statement program is ideal for self-employed individuals, allowing them to qualify using bank statements rather than traditional income verification. The rental program supports investors with rental properties, making it easier to secure financing. Additionally, their graduate program helps those moving from alternative financing back to lower-rate lenders. While these options provide flexibility, it's essential to weigh the benefits and potential drawbacks to ensure you choose the right mortgage for your situation.

Downsides:

When considering this lender, it's important to keep a couple of downsides in mind. First, they don't offer traditional banking services, which means you won't have access to features like checking accounts or savings accounts. Additionally, they operate entirely online and do not have physical branches, so interactions will be done digitally. While this can be convenient for some, it may not suit everyone who prefers face-to-face support or the ability to deposit cash directly. Being aware of these factors will help you make a more informed mortgage decision.

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