Institutional and Private Lending Today, the mortgage market for the Canadian consumer has become a maze, with many confusing twists and turns and many paths leading to a dead end rather than a way out from under their debt load. As more and more lenders compete for their business, it seems to get harder and harder to evaluate the advantages and disadvantages that each one offers. It makes sense in today’s fast paced world to take advantage of the resources and experience of a trusted Mortgage Professional in sorting through the options available and suggesting what appears to be the best option based on your circumstances. At Unimor Capital Corporation, our decades of experience and our knowledge of our marketplace and the particular requirements of the lenders with whom we deal result in a mortgage or loan financing tailored to your situation. Our institutional lenders offer the most competitive rates to our clients, but sometimes that comes with a price of stricter requirements to qualify for the loan. These institutions, such as banks, credit unions, and online lenders will also offer insured hi-ratio mortgages that require as little equity or down payment as 5%. In fact some of our institutional lenders even offer 100% financing, if you qualify. Some of our other institutional lenders loan money to higher risk clients, i.e. those clients with lower credit scores, difficulty in proving income, or other challenging situations. This financing, as one would expect, comes at a price of higher interest rates and steeper payments. Finally, we have several sources of private funding available to our clients, and while this funding also usually comes at a higher rate, sometimes this is the mortgage alternative that lets the client save his home from foreclosure and buys him time to get his credit back in order. In most cases private funding is a shorter term solution that is used until we are able to move the client to more attractive institutional financing. Call us today at 519-255-9505 or click here to e-mail us to arrange an appointment or request one of our several FREE reports , which include valuable information which may suggest solutions for you personal situation.
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