MORTGAGE LENDER TYPES

The ABC's of the mortgage financing world

"A" LENDERS

Inside the Box

These are the lenders that most people might be familiar with. This includes Banks, Credit Unions, and mono-line lenders. Rates are very competitive but they often have much stricter qualification guidelines and rules. Your income, credit, and property need to fit into their "box". You can qualify with as little as 5% down on a purchase. Contact me for a list of rates currently offered.

"B" LENDERS

Outside the Box

These government regulated lenders offer much more flexibility when it comes to income and credit. You may need to use these lenders if you have credit issues, income that does not meet bank guidelines, or if you need some flexibility on debt servicing. You will require a minimum of 20% down on a purchase. Contact me to see if this lender might be right for you.

"C" LENDERS

Equity & Story

These lenders are not regulated by the government and so they are able to offer easy and flexible approvals. Equity is king, so long as you have a good story they can consider almost any scenario. Contact me and tell me your story if you think this lender is right for you.