Back to school, income on pause, and a presale completion looming — over $500K approved

The client had been living in Toronto, and years earlier had bought a presale for a little over $800,000 as a long-term family asset. Work and family plans later brought them to Vancouver. Completion finally came around — and so did a problem, because the household’s circumstances had changed. He had gone back to study earlier in the year, stepping away from steady employment and losing his regular income. His wife works in the nail industry, where income moves with the client base, and lenders were not comfortable calling it stable. Bank after bank came back the same way: not enough income for the amount needed. The completion date was closing in.

A friend referred him to Guaranti. Looking at the whole picture, the couple’s local income was thin, but the household’s finances overall still supported financing. Talking it through further, family overseas had substantial and stable income — which fits the lending policy at some banks.

The team built the case around that, assembled the documentation and submitted. Over $500,000 was approved, and the presale completed.