Get matched with the perfect mortgage.
Whether you’re buying a home or looking to renew your mortgage, you can rely on us for a streamlined and collaborative process. It all starts with getting to know your unique needs and financial goals, allowing our team’s strong background in finance to shine. We’ll identify the best possible mortgage products for you and confidently guide you through every step. It’s time to let your real estate dreams take flight.
Purchase
Buy a home or an investment property with a mortgage that meets your financial goals.
Refinance
Refinance your mortgage to get better rates, consolidate debt or access equity.
Renew
When your term has come up, renew your mortgage without any hassle.
Here’s how we do it.
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Step 01 – Initial Consultation
During this discovery call, we dive into your current financial circumstances, short and long-term financial goals and the amount you can likely qualify for. With our strong background in finance and real estate, we can provide you with a clear understanding of the process ahead, advise you of potential challenges and how to prepare for them and create a straightforward action plan.
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Step 02 – Follow Up & Information Gathering
Immediately after our call, we send you a list of documents you’ll need to gather in order to be pre-approved. Want to prepare in advance? Take a look at the Residential Checklist.
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Step 03 – Get Pre-Approved
We review your submitted documents, confirm your information and curate a list of suitable lenders, ensuring their rates and terms match your unique needs. The pre-approval is a conditional commitment that identifies how much you qualify for as well as any challenges you may need to address, which we can help you with. With this information, you can now shop around for your dream home and make an offer or move forward with your mortgage renewal.
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Step 04 – Obtain Loan Approval
Our underwriting team completes the application, confirming that all requirements have been met and that your information meets the lender’s guidelines. The loan can now move forward—success!
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Step 05 – Funding & Beyond
Your lender will send your lawyer documents to prepare for signing and property registration. Your lawyers will ask you to bring the necessary funds to complete the transaction. Your deal is now complete! The team at Boomerang will check in with you periodically to review if the current mortgage continues to meet your needs.
Needed documents
The Checklist
Ready to get started? Check out the list of documents you’ll need to be pre-approved for your mortgage.
Lending Programs
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Prime “A” Lending
Lending solutions for traditional borrowers with strong credit and income.
First-Time Home Buyers: This program is for borrowers who are purchasing a home for the first time and do not typically have the minimum required down payment of 20%. Subject to mortgage default insurance, these borrowers will have access to the lowest rates, property transfer tax exemptions and tax-free RRSP withdrawals.
Construction Program: This program allows qualified homeowners to obtain construction financing for their principal residence. Construction loans are fully open mortgages and are subject to interest-only payments over the course of the construction period.
Purchase Plus Improvements: This program is aimed at qualified homebuyers who want to make cosmetic improvements to their newly purchased property within 120 days of taking possession (basement finishing, bathroom fixtures, kitchen cabinets/counters, flooring, new windows, detached garage). The ‘as-improved’ value is used to determine the maximum loan amount, subject to loan-to-value (LTV) limitations.
Stated Income Program: This program is designed for borrowers who are self-employed with good credit and who are in control of their finances but who cannot provide traditional means of income verification. Helping self-employed borrowers find their path to home ownership, this product requires a minimum 10% down payment and applicable insurance premiums.
Total Net Worth Program: This program is designed to provide additional mortgage solutions to customers with moderate incomes who have a significant amount of verifiable liquid assets (minimum $250,000) and strong credit scores.
Business for Self Program: This program provides additional mortgage solutions to customers with moderate personal incomes who also have income in their operating companies. This program allows the use of the operating company’s Net Income After Taxes to lower the applicant’s debt ratios.
Temporary Resident Programs: This program allows for the purchase or switch of owner-occupied properties for temporary foreign workers and experienced class students working in Canada with a valid Work Permit. The typical client for the Temporary Resident program is someone who has established work history in Canada through contract work, post-graduate studies or relocation programs and who is looking to purchase a principal residence.
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Alternate A Lending
Flexible lending solutions for borrowers who don’t fit the traditional ‘A’ lending guidelines with bruised credit and/or elevated debt ratios.
Bank Statement Program: This program is designed for self-employed borrowers who do not claim enough income on their tax returns to qualify with ‘A’ lenders but who can demonstrate strong business cash flow over the last 6–12 months through their bank statements.
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Private Lending
Lending for borrowers who don’t meet the guidelines of traditional lenders but can show the ability of repayment.
Standard Lending Program: This program allows for a maximum Loan-To-Value of 75%. There are no income to debt calculations and stated income is acceptable in most cases (minimal documentation). Interest Only Loans are available. Rates range from 9–11% with a 1–2% fee.
The reviews are in.
They guided me through every step, clearly explaining my options and finding the best solution tailored to my situation.
Communication was excellent—I always felt informed and confident in the process and the decisions I was making.
Boomerang Financial’s expertise and dedication made a complex process feel easy. I highly recommend them to anyone looking for a trustworthy and efficient mortgage broker!
Prompt to reply to my questions, professional and quickly understood what I would need to complete my sale.
I could not recommend Zack at Boomerang Financial more.
My husband and I are NOT easy or typical clients...
Challenge #1: We're both self-employed
Challenge #2: My company operates globally
Challenge #3: We needed over 100 acres which most lenders will not touch.
So when we found our dream property - 142 acre, OFF-GRID home in nowhere BC - we knew lending was going to be a major hurdle.
Av and his team we're the ONLY brokers able to find a lender for us.
Maybe it's their years of experience as brokers or actual skin-in-the-game investors that gives them this edge...
Because when you work with Boomerang Financial, it's clear they operate at a whole new level than other brokers. I feel like they're constantly asking themselves "HOW do we get this done for our client?" instead of "CAN we get this done?" They're creative, willing to go above and beyond, and dedicated to getting clients results.
Again, we bought our dream home which never would've happened if it wasn't for Av and his team. I will always remember when he called me and told me we got approved...it felt like he made the impossible, possible.
If I could give these guys a 10 out of 5 stars, I would. Forever grateful for everything you guys have done for us!
What really stood out was the personalized approach – I never felt like just another client. Zach was always available to answer my questions, promptly returned calls, and consistently provided updates throughout the process. Thanks to Zach’s expert advice, I was able to secure a fantastic rate and terms that fit perfectly with my financial goals.
If you’re looking for a professional, knowledgeable, and genuinely caring mortgage broker, I highly recommend Zach and Boomerang. Zach exceeded all my expectations and made what can often be a daunting experience feel effortless.
I am not exaggerating when I say that not once (knock on wood) have I had to collapse a deal for a client due to not being able to secure financing with Av. He has found a way, usually through creative solutions and his connections in the lending world, to find financing solutions for 100% of the clients I have sent his way.
Av and his team are the best brokers in this business, hands down.
From start to finish, the process has always been smooth, efficient and stress-free. They take the time to understand our financial situation and goals, as well as address any concerns or questions that we have during the process.
If you are looking for a mortgage broker who will go above and beyond to ensure your financial success and peace of mind, then look no further! We continue to utilize their services in the future and would recommend them to anyone for future mortgage needs.
Of course, when we needed to refinance our mortgage, Zach was our first call.
He is extremely professional and knowledgable.
Zach was able to think outside the box.
Not only did he get us favourable terms on our mortgage refinance, he also was able to set us up with a home equity line of credit in the process.
I would and do recommend Zach and the team at Boomerang to anyone!
