Alternative Mortgage Financing in BCGrant Powell2017-11-16T12:47:15-08:00
Alternative Mortgage Financing in Vancouver – Best Rates and Low Down Payments!
Alternative Mortgage Financing Over the years, we have built solid relationships with many non-traditional lenders (Private Lenders) to offer the best alternative mortgage financing options in BC for every situation and location of property throughout BC. When the banks say no, we say yes! This mortgage financing in BC is provided by client friendly private lenders which are not fixated on lending rules. The top three situations for using this type of financing are:
Over Budget Renovations
In the case where the funds are needed for the completion of a renovation project, we look at your existing budget and get a new budget outlook on the cost to complete the project. A new Interim mortgage will be put into place to finish the project. Once the project is 100% complete in most cases we refinance your original mortgage together with the Interim term mortgage into a new combined longer term lower rate mortgage thus having one mortgage payment at a lower rate.
Many people over look the importance of a good credit rating. It’s important to everyone but especially to the Self-Employed whose mortgages literally depend on the credit rating to be better than average to qualified for the best interest rates. If you are already in the mist of experiencing the down hill spiral of realizing bruised credit and you have equity in your home, before it gets too bad, now is the time to fix it. A quick fix of funds will help to pay down the highest credit cards to rescue your credit before it’s too late. We often help clients through a 2-4 year period through this process to get them back on track.
Building a Business
When starting or ramping up a business to the next stage there are realistic reasons why the cash flow has been limited. Look no further if you built up equity in your home we can use that as security. We have access to mortgage lenders in Vancouver that will look at the combination of the value of your home, business and the sacrifices you have made to this part of the journey towards success. We can get you that quick capital needed so you can see the light at the end of the tunnel.
We have the solutions! We have your cash in as little as 5 business days!