Below you'll find a list of all posts that have been categorized as “Alternative Mortgages”
Matthew Jackson Alternative Mortgages
Non-traditional mortgage options are becoming more popular these days following mortgage insurance and qualification changes. Implemented by the federal government, these changes have made it increasingly difficult for many Canadians to buy a home, particularly first-time homebuyers. One such option is a vendor take-back mortgage (VTB). With this solution, the seller extends a loan directly to the buyer. A VTB …
Matthew Jackson Alternative Mortgages
Stress test mortgage qualification requirements that were introduced last year have resulted in many more Canadians becoming familiar with private mortgage options out of necessity. Prior to this change, many borrowers viewed the world of private lending as somewhat of a mystery. Private mortgages have been around for years, but they were often reserved for people who had credit or …
Matthew Jackson Alternative Mortgages
Mortgage rules have changed a lot over the past couple of years. As a result, fewer people are qualifying for mortgages offered through more traditional lenders such as banks. Thankfully, there are lots of alternative options available when you’re working with your trusted mortgage broker. I have access to a broad range of mortgage choices to fit your unique needs …
Matthew Jackson Alternative Mortgages
There can be many reasons for having to get a private or B lender mortgage. Some of the main reasons are the following: Damaged or bad credit Past bankruptcy or consumer proposal No credit Thin Credit (Haven’t had credit for very long) Collections Etc There are many reasons a client or clients may need to get a higher priced mortgage …
Matthew Jackson Alternative Mortgages
Getting A Mortgage While Having A Previous Bankruptcy or consumer proposal can be very difficult. Some banks won’t even consider giving you a mortgage until the judgement drops off your credit bureau 7 to 8 years after you have been discharged. Luckily some lenders will provide you a mortgage under certain conditions. In most cases conventional lenders like TD want …
