How to Finance Your Mortgage with Alternative Lending in Canada

How do you best finance your mortgage with Alternative Lending and is it worth it to engage a B-lending lender with potentially higher fees? In this interview, we unravel surprising benefits you could gain by incorporating it into your mortgage strategy during a pandemic. Join Derek and I as we discuss this controversial type of lending and how it has helped first time home buyers’ transition into a better financial position. Derek Serra is the Managing Director of Sales & Marketing at XMC Mortgage Corporation. We walk through examples of home buyers affected by life events which resulted in low credit scores, having too much debt relative to their income, and how they repaired their unique financial situation. In 17 minutes, we covered: 01:48 How does XMC approach lending from a cost effective and value-driven process? 06:27 What does it mean to be a federally regulated financial institution and how would it affect a client in terms of trust? 09:39 Stories of clients who are denied by the bank or affected by the pandemic and how alternative lending was the solution. 13:09 How would B-lending help clients with a high debt-to-income ratio, investment properties, and bruised or thin credit scores? **Stay tuned for Part 2 Next Week! Get in touch anytime if you want to level up your living: Paul Davidescu (www.levelupmortgages.com) Level Up Mortgages 604-809-3188 paul@levelupmortgages.com See Our Google Reviews in BC & Ontario: https://bit.ly/ViewLUMReviews ⭐️⭐️⭐️⭐️⭐️ Talk to us or if you want some quick replies, connect with our Facebook Messenger Bot: http://bit.ly/MyMortgageBot Got Mortgage Questions? Trying not to freak out about something that’s stressing you out? We got you 🙋🏽‍♂️🙋‍♀️ + Get immediate answers on your mortgage questions with our FAQ Page 👉https://bit.ly/mortgagefaq + Email me and check out our website: paul(at)levelupmortgages.com | www.levelupmortgages.com 👨🏽‍💻 + DM me on Instagram if you want to get more personal 📱 https://www.instagram.com/levelupyourmortgages/ + Get LinkedIn if you want to check our credentials 😎 https://www.linkedin.com/in/pauldavidescu/ + Tweet at me if you hang out there 🐦 https://twitter.com/levelupmortgage + Check updates on our blog to do a deep dive 🔎https://www.levelupmortgages.com/blog + Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe #selfemployedmortgage # mortgagefinancing #alternativelending