It has been heavily publicized how insurers and lenders alike have
been increasingly tightening up their approval guidelines, making it
significantly more difficult to obtain a mortgage in Canada.
Most people will feel so discouraged when they are declined by
their bank, that they may not look for a second opinion or they may not even
know that they have other options. Mortgage Brokers have the ability to shop
the "A" lenders for the best rates and products to suit your needs
but we are also licensed to look at "B" lenders or even private
lenders, depending on your situation.
For example, we have access to an alternative lender who is
currently offering "Stated Income" mortgages on rentals (65% LTV max)
or a private lender who has rates as low as 4.5% (rates are file specific).
Using a Mortgage Broker will allow you to explore all of your options and have
professional guidance to determine the best solution for you.
Contact me for more
information on alternative financing solutions.
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