Two New Lenders Signed

This week I have added 2 new Lenders to our approved list.
What does this mean to our clients.  Both of these Lenders have an important Niche that Banks do not have!

Lender #1 will mortgage rental properties up to 80% financing and up to 5 Units.
This blows the Banks out of the water and at prime rates and np Brokerage Fee's

Lender #2 will approve mortgages for people who do not qualify for the required mortgage at this time. For example, a client works 20 hours a week but plans to go full time in the near future. This Lender will use the potential income. The rates are slightly higher than A lender rates but not obsene.

There has never been a more important time to have Mortgage Broker relationship.

Better than Bank Mortgage Rates

This past week, I arranged 3 mortgages for Burlington clients that had been to their own bank and then contacted me.
I each case I was able to arrange a mortgage suited to their needs and at lower rates than their own bank had quoted.
One client received a rate 20 bps below their banks best offer saving them $3000. in interest over the 5 year term.
It's also interesting that they were not offered alternatives such as a 3 year term or a 10 year term.
As I always say, its never been a more important time to have a Mortgage Broker relationship.