Part 1
In lean economic times, the “Banker” is not always your best friend. In many cases, you will be dealing with people that have always had a regular paycheque, and therefore do not completely understand the concept of having receivables 30 or more days out. In simple terms, if you need credit, and you are self employed, the answer is most often “no” (after they study your documents for 2 weeks)
The experienced, connected mortgage broker has Lenders that will look at the equity position that you may have in your current property, or, the down payment available and grant the Loan/Mortgage instantly.
The mortgage broker will review the entire situation with you – the client; make their best recommendation, and secure the maximum loan available to make everything easiest for you - the client.
More in Part 2...................
Rick Moran, AMP, OMB#M08001997
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