Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Private Mortgage Lending, Self-Employed Challenges, and Honoring Andrew Moor
In this episode, we start with a welcome and an introduction to private mortgage lending in Ontario, followed by a sponsor message from Real Approved Inc. We delve into the statistics and challenges faced by self-employed individuals when dealing with private mortgage lenders. The discussion highlights the costs and opportunities associated with private mortgage lending. We pay tribute to Andrew Moor, acknowledging his significant influence in the financial industry. The episode concludes with closing remarks and a reminder from our sponsor.
Key Points
- Private mortgage lenders in Ontario provide quick, flexible, and confidential financing solutions for borrowers who struggle to meet traditional lending criteria.
- The higher interest rates and fees of private mortgages reflect the increased risk taken on by lenders, but the benefits of fast access to funds can outweigh these costs for many borrowers.
- Andrew Moor's visionary leadership at Equitable Bank significantly advanced the alternative lending sector, particularly by serving underserved segments like the self-employed and those seeking reverse mortgages.
Chapters
| 0:00 | |
| 0:21 | |
| 1:08 | |
| 2:13 | |
| 3:30 | |
| 6:08 |
Transcript
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