Gone are the days when you had to qualify for a mortgage within bank parameters, or you simply couldn’t receive financing for your property.

Working with a licensed mortgage agent means you have a broad range of mortgage choices to fit your unique needs – whether you’re a first-time buyer, a real estate investor, self-employed or even if you have blemished credit.

Continual tightening of mortgage qualification rules and the introduction of “stress tests” have made it tougher for many people to fit into the strict requirements set by banks and more traditional lenders.

Alternative lending is a solution that empowers borrowers to get the affordable funds they require right now to get into a mortgage as opposed to waiting to make a purchase. Perhaps the income you claim on your taxes isn’t enough for you to qualify… or maybe you’ve capped out on the number of properties you can own as an investor.

Regardless of your situation, there are affordable options available outside the traditional lending realm.

Competitive rates
There was a time several years ago when alternative mortgage product interest rates were significantly higher than traditional lending options.

And, with bank rates on the rise over the last 18 months or so, the spread between these offerings and alternative lending rates has decreased dramatically.

A slightly higher interest rate in exchange for property financing that allows you to begin building home equity sooner is definitely a fair tradeoff.

Do you have questions about your best mortgage options? Answers are a call or email away.

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