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As a mortgage broker the worst question to get asked is “what’s the best rate you can get me?”  When you shop for rate alone, you are unfortunately missing the bigger picture!

Let’s look at why this makes a difference when purchasing property in Canada and the US.

When you buy in Canada rate might be a good focus for you, because there are so many lenders competing on rate alone and with the high property prices rate is the main focus, because it indicates in many cases whether we can cash flow or not.

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US Market-small

As a mortgage broker, I always strive to think out of the box, in order to stay competitive.

With that in mind, over two years ago, I went to the US (specifically Florida) and started making contacts with realtors, other mortgage brokers, lenders and wholesalers, just to name a few.

Once I had my contacts established and verified, meaning I would only work with referral sources that had been verified and could back up their offerings with proper protocols in place, I was then able to hit the Canadian market and start marketing this source of business.  It has not been easy and has taken a lot of work but in the end, it has definitely worth it, as I have been assisting countless investors in Canada to invest in both residential and multi-family properties.

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