This particular pool of lenders provide our clients full featured mortgages and also have a retail distribution network. Competitively priced, these institutions balance price with competitive product features such as portability, rate blending options and flexible pre-payment privileges. Being deposit based lenders, they have some flexibility to consider exceptions to lending guidelines when evaluating income, credit and property considerations. Falling under provincial regulation, these lenders have the discretion to approve deals based on our clients' contract rate (an exception to the stress test) which provide our clients greater flexibility in qualifying for a larger purchase price when producing down payment in excess of 20%. Subject to lender approval.