WHEN INSIDE THE BOX LENDING DOESN'T TELL THE WHOLE STORY

Customers came fearing they were trapped with the high interest rate being offered by their bank at renewal because one of them was currently off of work due to an accident. Credit had taken a hit as a result and their current bank was unwilling to assist with additional credit restructuring due to this "risk".

I was able to explain the scenario, show that credit problems were solely to do with the accident & lower income which resulted (spotless credit prior to accident). One of my top lenders got onside & offered THEIR BEST rate/terms despite file being outside "black & white" lending rules.

Net Result:
1. Lower Mortgage Payment by about $200/mth helping with their current cash flow issue due to reduced disability income
2. Interest savings over $10K over mortgage term
3. Working with lender to provide additional credit facilities to assist clients with temporary cash flow until return to work.
4. VERY happy client's!

Sometimes it takes more than just numbers and documents to get a mortgage approved. Presenting a strong business case & then ability to negotiate terms can go a LONG way when certain details don't fit the tight box many lenders operate in on their own.

This post isn't meant to brag or show off -- it's merely to illustrate that an experienced mortgage professional can OFTEN open doors and financing avenues that previously appeared slammed shut. Have you aligned with your Mortgage Professional? I'd be happy to be that guy if not!