Introducing the Compass Mortgage

Our latest product is all about your best rate and fit.

The Compass Mortgage™ is unique in the alternative lending space. Its increased qualification flexibility helps us help you find the homeownership solution that not only fits your 'off-road' details but also saves you money compared to other options.

Along with a great rate, you'll see a difference in how we treat income sources and documents to improve your qualification process.

This product also offers premium features, some of which are standard across THINK Financial's mortgage portfolio, such as The Works (our flagship mortgage product) and Rate Relief (our low-rate, 6-month fixed-term mortgage).

Here are a few more details on Compass, THINK Financial's alternative lending product:

• 2-year fixed-rate term
• Amortizations up to 40 years
• Rate hold for up to 120 days
• Flexible features, including annual 20% pre-payment privileges and payment frequency options
• Available for home purchases (including first-time buyers) and refinances
• Available for other needs, such as bridge financing and outstanding CRA tax payments
• This mortgage product is unique and comes with its own competitive fee and penalty structure compared to other mortgages

Eligibility criteria include:

• Accepting non-traditional income sources, such as self-employed income, investments, and rental income
• High-net-worth applications
• For uninsured mortgages and a minimum principal of $100,000
• Requires a minimum 20% down payment or home equity
• Extended ratios are considered
• Good credit standing, with flexibility depending on application details
• Other qualification criteria may apply, including location-based restrictions

Finding direction with Compass — recent client cases.

Every Canadian homeowner's situation is unique. Here are some mortgage scenarios we recently helped solve through Compass.

Don't know if your details fit this product? Apply now to find out.

Approved — Client 1: Self-employed income

The client was self-employed and purchasing a property as a primary residence, but needed a lender that looked at the bigger picture when reviewing his income. Using business bank statements allowed us to verify the self-declared income and confirm affordability using qualifying ratios, aligning on the best solution for the client's unique income scenario.

Approved — Client 2: Consolidate debt on a property

The client needed to refinance to consolidate outstanding debt on a property. To assist with ratios, we applied the client's assets to their income, resulting in a better rate and improved affordability. By pairing this strategy with a 40-year amortization, we saved the client $1,200 per month and created immediate cash-flow relief.

Approved — Client 3: Qualify and save

The clients wanted to purchase a rental condominium and needed a solution that supported both mortgage qualification and their cash flow. Employing a 40-year amortization also reduced their monthly payments for more budget room.

Approved — Client 4: Consolidate primary mortgage and private mortgage

The clients need to refinance their primary property to payout both their first mortgage and a high-interest private mortgage. Using rental income offset, we were able to align ratios and transition the deal to a more stable, long-term solution at a lower rate. With a 30-year amortization, the refinance reduced monthly payments by $1,000, significantly improving cash flow while eliminating expensive private debt.

Approved — Client 5: Private mortgage payout

The client requested a refinance of their primary property to payout their existing Private Mortgage. With a lower rate and 30-year amortization, we were able to reduce their monthly payments significantly.

We simplify your mortgage wayfinding.

At True North Mortgage, we're obsessed with getting you a better rate and mortgage — it's been over 20 years now. Our rate discounts, along with exceptional and timely service, have garnered over 17,000 5-star reviews, unheard of in this industry.

Our friendly, expert, salaried brokers can personalize your best rate and solution among multiple lenders and products, so you have the mortgage you need for your lifestyle and to reach your homeownership goals.

But among all the lenders we can place our clients with, in 2025, almost 60% chose a THINK Financial mortgage for the better rates and premium features.

We're very proud to add Compass Mortgage™ to our offering. And if this product isn't right for you, we can help you find a solution that is.

It's easy to apply — we're available online, over the phone, by email, or stop by a store location near you.