Equity Refinance Mortgage Loans Canada - Equity Mortgage Loans Canada - Second Mortgage Loans Canada
Mortgage Loans Canada, Mortgage Refinance Canada, Equity Mortgage Loans CanadaOnline Mortgage Application Form Instant Mortgage Approval 1-866-573-3122 24 HOUR CUSTOMER SERVICEEQUITY REFINANCE MORTGAGE LOANS CANADA BLOGMortgage Canada Buying and selling a home cheat sheetMortgage Canada Words To Know When Buying A HomeImportant Mortgage Websites linksMortgage Canada Basics - Mortgage Canada GuideMortgage Canada CMHC Newcomers to Canada Buying your First HomeMortgage Canada CMHC Home Buying Step By StepMortgage Canada CMHC Condominium Buyers GuideMortgage Canada Compare all Canadian Credit CardsHow Credit Effects Your Canadian MortgageMortgage Canada CMHC Housing Market Outlook Canada Edition Page 1Mortgage Calculator - Mortgage calculators allow you to make informed mortgage decisions
Equity Refinance Mortgage Loans Canada, Home Equity Unlocking, 1st & 2nd Mortgages, Your Mortgage Experts. My right Mortgage, INSTANT APPROVAL 24/7 CUSTOMER SERVICE FAST MORTGAGE PAYOUTS IN CANADA HIGHEST MORTGAGE APPROVAL RATE IN CANADA 1-866-573-3122

HOME BUYING, BUYING YOUR FIRST HOME & INFORMATION FOR SEASONED HOMEBUYERS
FINANCIAL CONSUMER AGENCY OF CANADA
CANADIAN ECONOMY NEWS
MORTGAGE BROKER NEWS
October, 2015
November, 2015
December, 2015
January, 2016

Voices added to the chorus calling for more options

Brokers are echoing the argument that the industry needs more second mortgage options for prime clients.

“I do run into A+ clients requiring - or more accurately - wanting a second mortgage. These are prime, sophisticated clients and the request is to leverage their equity as an investment tool,” MortgageBrokerNews.ca reader, Kristin Woolard of Dominion Lending Centres wrote in the forum. “More often than not I set them up with a HELOC with a credit union and they invest and pay off as needed. More selection of standalone second mortgages would be beneficial.”

Voices added to the chorus calling for more options


Brokers are echoing the argument that the industry needs more second mortgage options for prime clients.

“I do run into A+ clients requiring - or more accurately - wanting a second mortgage. These are prime, sophisticated clients and the request is to leverage their equity as an investment tool,” MortgageBrokerNews.ca reader, Kristin Woolard of Dominion Lending Centres wrote in the forum. “More often than not I set them up with a HELOC with a credit union and they invest and pay off as needed. More selection of standalone second mortgages would be beneficial.”

The conversation was sparked by Steve Gilmour, a broker with Dominion Lending Centres Alliance, who told MortgageBrokerNews.ca that clients who require a second mortgage often have to turn to the private segment and face high interest rates and argues high qualified clients are being let down by lenders.

And he called for more options for those clients with good credit.

It’s an opinion shared by many in the industry, it seems.

“People with good credit and income can also require money for good reasons and should not have to pay the high rates of the private mortgages or bear the expense of refinancing their entire first mortgage,” Ad Lakhanpal, a broker with Mortgage Alliance wrote on MortgageBrokerNews.ca. “If a person can qualify to a refinance of their mortgage to 80% LTV with an A-lender, I see no reason why he should not be allowed to have a first and second combo as long as he qualifies.”
<< Back Add New Comment
0 items total
Add New Comment
Name*
Subject*
Comment*
Please type the confirmation code you see on the image*
Reload image

Powered by 4GoodHosting