Tag

Alternative Lender
Cost of private mortgage
Private mortgages have a number of costs you may not expect, and different terms and benefits than traditional mortgages. Rather than just focusing on the interest rate, it's important to understand the total cost of a private mortgage before deciding this product is suitable for your needs.
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Mortgage Stress Test
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense to bypass this process, yet still keep affordability top of mind. The question is how to safely bypass the stress test and secure the mortgage financing you need when the banks...
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https://askross.ca/alternative-mortgage-lenders-canada-bad-credit-private-second-mortgages/
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role that alternative and private lenders play in the market and compare them with traditional "A" lenders, such as banks.
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Buying a home after a consumer proposal is a real possibility, but you must prepare for the credit history challenge. 3 scenarios for buying a home after a consumer proposal are discussed.
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BEST MORTGAGE CONSUMER 700450X THUMBNAIL
When the bank said 'no' to mortgage renewal because of a consumer proposal, switching to an alternative lender and paying off the consumer proposal early provided immediate debt relief and improved cash flow.
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Think Outside Of The Bank
Published: • Your Bank Isn’t Always The Best Choice For A Mortgage Most of us have accounts with a chartered bank, so it’s natural we turn to them when we need a mortgage. “It’s convenient to have it all in one place.” “They know my situation best.” “My family has always done their mortgage with…”...
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type of mortgage 700x450X THUMBNAIL
There is a lot more to choosing your mortgage than simply hammering your banker into submission and nailing the lowest interest rate possible. Sorry to rain on your parade folks, but would you choose the cheapest new home on the market, regardless of where it was located? Of course not! Today’s post focuses on the...
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