When I speak to people about what a mortgage broker can do, I am always amazed when people think brokers are only an option for people with bad credit. As such, I will start to spotlight some of the deals I have put together on a monthly basis to help give people a better idea of the range of options I can offer. Here is a small sample of what I have funded in the month of April so far:
Deal #1 - Client was self employed for 10 years with no proof of income but could provide a Notice of Assessment showing no taxes owing. Strong credit. Purchased an owner occupied duplex with 20% down. Approved at a 5 year fixed rate of 2.89%.
Deal #2 - Military transfer to CFB Trenton buying his first home. Carried a lot of unsecured debt. Was leveraging his funding envelopes to scrape together his 5% downpayment. Approved at a 5 year fixed rate of 2.84%.
Deal #3 - Clients purchasing an older home in a small town with some deficiencies (knob and tube wiring, galvanized plumbing). Some minor credit blips but significant of unsecured debt. Self declared income. Approved a combination 1st/2nd mortgage which allowed them to purchase the house for only $602/mo with 20% down. Client will have an oppornity to refinance after deficiencies are addressed to lower both their interest rate and payment.
Do any of these situations sound familiar? Whether you a first time buyer, a military transfer, or a self employed borrower with limited documentation, I might be able to offer you a solution at much more attractive terms than you think.
So remember, "Think outside the branch" and call Craig for your next mortgage.