I just finished a conference call with our Head Office.
We discussed our Exclusive offer not available from other Banks or Mortgage Brokers.
Mortgage Centre Canada is now offering a 5 Year Term at 3.49% .
This rate is .20 below other Banks and Lenders.
This offer is for clean deals, owner occupied, good credit.
Wednesday, 30 October 2013
Wednesday, 9 October 2013
Bank Mortgage Approval Turnaround Time
I spoke with a former co-worker today who sells mortgage at a major bank.
He was quite upset that his approval centre is running about 4 days right now.
he is losing deals to other bankers and the Broker industry because of this service.
At the same bank, I get a maximum 2 day turnaround and most times even faster. Also I have 4 dedicated
underwriters to work with which gives me a familiarity and my old friend has no idea who his deal will go with at any time.
In the broker world we are treated like a preferred customer so that the Lender can win our business every time.
Another reason to work with an experienced Mortgage Broker
He was quite upset that his approval centre is running about 4 days right now.
he is losing deals to other bankers and the Broker industry because of this service.
At the same bank, I get a maximum 2 day turnaround and most times even faster. Also I have 4 dedicated
underwriters to work with which gives me a familiarity and my old friend has no idea who his deal will go with at any time.
In the broker world we are treated like a preferred customer so that the Lender can win our business every time.
Another reason to work with an experienced Mortgage Broker
Monday, 7 October 2013
5 Year Mortgage Best Rate
Our company has been given access to a special 5 Year Fixed Mortgage Rate.
3.49%
This rate is well below the best rate offered by several major lenders.
5 year Variable is also available at 2.50%
Best Rates Best Service Best Advice
3.49%
This rate is well below the best rate offered by several major lenders.
5 year Variable is also available at 2.50%
Best Rates Best Service Best Advice
Wednesday, 2 October 2013
Self Employed Clients
Some Brokers and Bank reps say its more difficult to finance Self Employed clients.
I would agree that there is more work involved but fundamentally nothing has changed.
Being prepared and understanding the Lenders Polices and paperwork will still get you up to 75% financing. You need your NOAs and T1 Generals right up front. A 2 year average income will be used.
We also have the B Lenders who will do these deals for a higher rate to compensate for the perceived risk of no income proof. You can get up to 80% financing here.
As always use an experienced Broker to get the best results
I would agree that there is more work involved but fundamentally nothing has changed.
Being prepared and understanding the Lenders Polices and paperwork will still get you up to 75% financing. You need your NOAs and T1 Generals right up front. A 2 year average income will be used.
We also have the B Lenders who will do these deals for a higher rate to compensate for the perceived risk of no income proof. You can get up to 80% financing here.
As always use an experienced Broker to get the best results
Subscribe to:
Posts (Atom)