No Matter Where You Are, I Have a Mortgage For You in Ontario
My client wanted to take equity out of his property in order to invest in another real estate property in Ontario and the stock market. However, meeting him at Pegasus Mortgage Brokerage office is difficult since he moved to the Northern Canada territory. The geographical distance did pose a few challenges but they were not impossible to resolve with some creative solutions.
| Problem | Solution |
| My client could not meet me in person at the brokerage office to submit the application and supporting documents | Online application is available, and clear scanned copies of all the supporting documents are acceptable |
| One of the approval conditions required my client to visit a branch of Scotia bank to sign documents, however, there wasn’t any Scotia bank branch yet in his area | My mortgage brokerage was able to get an exception to have this condition fulfilled at the client’s solicitor’s office in Toronto |
| Due to the demanding workload at my client’s workplace, he could not travel to Toronto to sign in person the mortgage documents at the solicitor’s office | I spoke with the lawyer to advise him to find a public notary in his area who will witness him signing the mortgage documents |
This is one of the many examples where I can bring value to you more than just best rate and term. Remember that I work for you, not the banks.
In addition to resolving the challenges that led to a successful approval, I suggested my client to invest in multiple channels to diversify his investment portfolio.
Bankore Alliance Funding Corp and Inveloft are sister companies of Pegasus Mortgage Brokerage that help him to invest in real estate without the hassle of being a landlord and property management
Client profile and deal summary:
- Credit score: 700+
- Equity-Take-Out of 1st mortgage at 80% LTV loan amount
- 5-year variable rate at 3.5% with 30 years amortization
Are you looking for a professional who stays on your side from the start all the way to mortgage approval and after? If you like, I can tell you more about my technique to help you win the best deal from 40+ lenders for your existing and new mortgage loan. Click here to start winning.
