Is it possible to switch lenders at >100 LTV?
I have a CMHC insured mortgage maturing next year. Current property value is pretty close to the mortgage balance so LTV over 100 unless valuation changes significantly. Are there any monoline lenders that would consider this as a straight switch? My file is otherwise strong but I don't want to waste a brokers time if there's no chance at underwriting anyway. Thanks in advance.