We are one of the most respected brokerages in the Winnipeg area when it comes to renewing your Winnipeg mortgage and our goal is to provide the people of Manitoba with some of the best mortgage solutions anywhere in the province.
Wide Range of Options
As Winnipeg Mortgage brokers, we offer access to numerous lenders, including those not available to the public, ensuring you find a mortgage product that perfectly fits your financial needs.
Expert Guidance
With our mortgage expertise, we provide personalized advice to navigate complex mortgage terms and conditions, helping you make well-informed decisions.
Cost and Time Efficiency
We are able compare various mortgage deals to secure competitive rates and terms, potentially saving you money and simplifying the application process to save you time.
Ongoing Support
From start to finish, mortgage brokers such as ourselves, offer continuous assistance, handling paperwork, resolving issues, and ensuring a smooth mortgage application process.
We get lots of questions from Winnipeg home owners when it comes to the benefits of private or alternative lending. Below are just a few of the most common items and as always, we are glad to answer any questions you might have.
Private or alternative mortgages are offered by lenders outside of traditional banks or financial institutions. These can include private individuals, investment companies, or specialized mortgage firms. They are often sought after by individuals who may not qualify for traditional mortgages due to stringent lending criteria.
Borrowers who might not meet the strict requirements of traditional banks due to factors like lower credit scores, non-traditional income sources, or the need for a more flexible lending solution often turn to private or alternative mortgages.
Private mortgages often have shorter terms, higher interest rates, and may come with higher lending fees. They are usually seen as short-term solutions for borrowers looking to improve their financial situation or credit rating before transitioning to a traditional mortgage.
Yes, typically, due to the higher perceived risk by the lender, private mortgages can have higher interest rates and fees compared to traditional bank mortgages. It’s important to thoroughly understand the terms and costs before proceeding.
Absolutely. Private or alternative mortgages can be used for purchasing a new home, refinancing an existing property, consolidating debt, or financing home improvements, among other uses.
Consider the total cost of borrowing, including interest rates and fees, the terms of the loan, and your exit strategy to transition back to a traditional mortgage or pay off the loan. It’s also crucial to understand the risks and have a plan in place to improve your financial situation during the term of the private mortgage.
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