With the real-estate market overheating, multiple offers on a property and long delays of approval have become the normality. It has become a real issue for the Quebecers on the market for a new property.
At Capital Express, we created a new product to address these problems :
The letter of approval.
The latter also helps non-residents have access to the property when they arrive in Canada and are not bankable yet.
Within 1 open business day, we will provide your client with a Letter of Approval, it is a promise of financing that will allow your client to validate his offer with the seller without having to wait for the decision of the bank. If ever the bank accepts to finance the file, your client will not need to use the letter of approval of Capital Express. If ever the bank denies the file of your client, the latter will use the letter of approval and Capital Express will finance the purchase according to the conditions listed in the letter of approval.
The cost of the letter of approval is fixed at only $2000 !