Below you'll find a list of all posts that have been tagged as “b lender”
Separation and divorce can impact a family on many levels. It’s most likely something you weren’t expecting when purchasing a house, but a divorce will also impact you and your family financially. While it can be a stressful and messy process for all concerned, I want to take the time to write about how a divorce or separation will impact …
There will be times in our lives when unexpected things happen and we find ourselves having trouble coping financially. The fear could be made greater when you calculate your bills and how much money you’re bringing in. Things like a job loss, an unexpected illness, a death of a loved one, a divorce or a separation can all make this …
As you go through the process of buying a home, you will be hearing a lot about credit scores. If your credit score is something you’ve never really paid much attention to, you’re going to have to change that! In this blog post, I’ll be focusing on what most banks want to see for credit when you’re applying for a …
As the world continues to change and evolve, so do mortgage rules. As a result of these changes, fewer people are qualifying for mortgages offered through traditional lenders such as the big banks. This is due to many factors, including the stress test. Thankfully, big banks aren’t the only option available when it comes to getting a mortgage loan. In …
Choosing the right mortgage broker is a huge decision during the home buying process. There are several big-ticket items that people should consider when deciding on who to use as their mortgage broker. In this article, I’ll share 5 things to consider and share where I place on all of these as well. 1. Education and experience. When you …
People always ask me, “Why use a mortgage broker, or why would I use a mortgage broker instead of my bank?” While, that is a great question and I will answer it with examples of situations where a broker will be more useful than others. A mortgage broker becomes more useful the more complicated your situation is. For example, if …
At this particular point and time not all banks are being fair in their qualifying of clients. An example of this would be the following. I have had several clients with 700+ credit scores, more than enough income and down payment to qualify but have had several banks decline them on a risk basis. These clients worked in, or were …
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 …
