The Mortgage Alliance
- 100% financing available for 4.85% 5 yr fixed
- Self employed financing up to 80% loan to value for purchases and refinances
- 2nd or 3rd mortgage up to 85% loan to value with no minimum credit score
- Equity residential mortgages – self declare income, no credit score, no debt service ratio, 40 yrs amortization, fully open
- Co-op lending up to 70% of the property value
As a thank you to our clients who will use our services in 2013, we wish to offer each one of them a gift, of
§ a cosmetic treatment with a skin care professional for ladies
§ a family photo session with a professional photographer, including a photography package
§ an in-home design consultation with a professional interior designer
§ a portrait in acrylic on canvas made after a photograph
Our contribution to making this world a better place: a portion of our commission on each transaction is is donated to Pro-Vita Association for the Children’s Rights
Spring Survey Stats
On average people are not becoming mortgage free until the age of 57;
Over 50% of Canadians expect to have a mortgage after retirement;
50% of Canadians added non-mortgage debt after they bought their last home;
Conclusion - Lack of planning
If 50% of Canadians are adding very expensive non-mortgage debt after they just made a home purchase, then they likely didn't receive very good coaching prior to their purchase. if you build in a contingency fund that allows for these expenses, you won't end up putting it on your credit card at 17% interest.
Creating a realistic budget with allowances for those unexpected surprises, and utilizing products like purchase plus improvements, or a cash back mortgage can be a great way to avoid expensive non-mortgage debt.
Both products are offered by many lenders, but get very limited use, especially when compared to the 50% who are racking up debt on other more expensive credit products.