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Valko Financial Ltd.

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Alternative Lending – What is it and Why might I need it?

This is a guest blog written by Dan Pauls from Magenta Capital written for The Valko Team.  Dan is a Business Development Manager for Magenta Capital.   “Alternative lending” is a broad term that covers the many loan options available to any borrower that might not qualify for traditional mortgage financing.  The reasons for borrowers not qualifying are widely varied, since every borrower has a situation or circumstance that is unique to them. Banks and traditional lenders have rigid, standard criteria that they must follow to approve someone for a mortgage.  Their borrowers’ credit history, job history, job type, income type, debt ratios, property type, down payment, etc. must all meet those requirements, which continue to get tighter and tighter in our current environment.  The benefit of the Alternative Lenders is that they can look at your unique circumstances for what they are, and they will assess the big picture …
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Make Your Voice Heard About Affordable Homes

As you may know, the government has made changes to the rules and regulations around qualifying for mortgage financing last year. We are very proud that Tracy has joined forces with Mortgage Professionals Canada, attempting to drive positive change for Canadians. If you have been affected by these changes in any way, now is your time to speak up! www.tellyourmp.ca is a simple and easy way to express your concerns to those who need to hear it most. If you’re a first-time homebuyer, or looking to refinance – make your voice be heard!  

Ion Express Train for Waterloo Region

3 Ways Transportation Will Make Waterloo Region Explode

  Waterloo Region and Hamilton are leading the way nation wide for real estate growth and there is no end in site.  According to the Province, every year 10 thousand people move to Waterloo Region.  Over the next 20 years the population of Waterloo Region is expected to grow by 200 thousand people.  It’s the equivalent of adding another community the size of Kitchener to the area.  This is obviously fueling the local real estate market. Agents actually camped out for a week to get a shot at buying properties in the area for clients from out of town.  There are a number of reasons this region is so attractive.   Kitchener-Waterloo offers a strong, diverse economy with great quality of life for residents and housing is still relatively affordable.  One particular strength is that the area is investing heavily in transportation infrastructure as it plans for growth.

Video – How New Mortage Rules Affect You

  The federal government wants to make sure you can afford any possible rate increases in the future If you’re putting less than 20% down you may need to do one of the following: Put more money down Buy a less expensive property Include possible rental income Find a co-signer Watch the video below and then give me a call today!

Why use a mortgage broker?

While the banks can only offer you their own mortgage products, we have access to hundreds of options from Canada’s largest banks, credit unions, trust companies, and financial institutions.

Plus countless other reasons, let us explain more.

Why a Broker?

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We take great pride in our commitment to our clients and we have been recognized for it! See why we are the leaders in the mortgage industry.

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