Lender History:
AVEO, owned by CMLS, is an alternative lender that lends across Canada. The AVEO division of CMLS was founded in 2014.
Lender Niches
Aveo Financial specializes in flexible mortgage solutions including extended qualifying ratios, extended amortization periods for lower monthly payments, and allowing gifted down payments on rental properties. These features make Aveo a strong option for borrowers seeking alternative lending with more adaptable terms.
Factors to consider:
While credit scores impact the interest rates offered, they do not affect the loan-to-value (LTV) ratios. Extended qualifying ratios are available but only by exception. As a rate-driven alternative lender, Aveo’s pricing may be higher compared to traditional lenders, so it’s important to weigh rates carefully.
Contact Information and Links for AVEO:
Head Office Location:
18 York Street
Suite 1500
Toronto, ON M5J 2T8
