If you are shopping for a private mortgage solution it’s useful to understand exactly how much money can be made available to you based on the equity in your home. The built up equity in your home is critical to your ability to borrow from a private home equity lender. [Read More…] about How much equity do I need to apply for a private home equity mortgage?
Connecting people through money.
SON OF A BROKER is a resource for anyone interested in private home equity mortgage financing – investor or borrower there is something here for you.
All about private home equity mortgage financing
This site is a resource for borrowers and investors of private mortgage financing alike. I created it to share my experience as a Canadian mortgage broker and mortgage investment corporation (MIC) manager.
Home equity loan, 2nd mortgage, bridge loan – whatever your private mortgage borrowing need, this is the place for you to start.
If you’re looking for insight and information about how to participate as a private home equity mortgage lender in Canada start your browsing here.
I’m a social guy. If you have any questions or would like further information about this site or mortgage financing reach out.
About the son of a broker
Christopher Molder follows in his father’s footsteps as an impassioned Toronto based mortgage broker and private mortgage fund manager. With a legacy of more than 40 years of family experience in the Canadian mortgage industry, he is regarded as an expert in residential private mortgage financing.
If you’re in the early stages of shopping around for a mortgage solution you might not be too clear on what you are actually looking for and how to ask for it. This post is a lesson in Canadian mortgage jargon and nomenclature with the hope that you’ll be better prepared to shop around when speaking to your mortgage broker or banker. [Read More…] about The difference between a 2nd mortgage, home equity loan and line of credit?
Mark Twain once wrote “A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
A private home equity mortgage is rarely going to be a borrower’s first choice for financing. Private mortgages involve fees and extraordinary costs that you wouldn’t typically pay through a more conventional institutional lender like your bank.
When I’m talking to a new client one of the first questions that always seems to come up is “why would I use a mortgage broker?”. It then occurred to me that most people don’t know what a broker does for a borrower and there are some misconception hovering around. I decided that I would write this post to set things straight. [Read More…] about Four Advantages To Using A Mortgage Broker
I deal with many first time buyers. I find that most newbies think the best mortgage is as easy as finding the lowest interest rate. But it’s not that simple.
Here are 3 of the “need to knows” when getting your first mortgage; [Read More…] about 4 Things You Need To Know Before Getting A Mortgage