When Kelly separated from her ex-husband over a year ago, Discount Mortgage Canada (DMC) offered her a mortgage from their personal investment funds as a bridge to enable Kelly to buy a home for herself and her children. At the time, Kelly was not eligible for a loan from a traditional lender because her separation agreement was not finalized. Even though DMC knew she was unemployed, they loaned Kelly the funds to purchase her current home based on their existing relationship with her as a client, but also on the basis of their business relationship with Kelly’s ex-husband, their knowledge…

Dave and Jenn were first time buyers and were pre-qualified by their bank. They were very excited and met a Realtor at an open house who they liked and agreed to work with to find a home. After a couple of weeks of viewing about two dozen properties, they found their dream home. The real estate market was hot and as a result, other people were also interested in buying the same home. Their Realtor informed them that they were in competition and there would be three offers coming in on the same property, emphasizing that if they were interested in…