Everyone wants their mortgage experience to be simple, straight forward and effortless. But today, with troubled markets around the world, that isn’t always the case. Although the Canadian Economy has continued to perform well in most sectors, Canada has been seeing considerably tighter mortgage regulations being introduced. These changes have left many credit-worthy Canadians with fewer options for financing.
7016514 Canada Inc. operating as Advanced Alternative Lending (or “AAL”) is a sister company of the well known firm, Mortgage Brokers Ottawa / Mortgage Brokers City. Mortgage Brokers Ottawa is one of Canada’s largest mortgage brokerage teams and is proud to offer its clients a wider range of mortgage options than ever before through Advanced Alternative Lending.
While AAL is licensed as a Mortgage Administrator in the Province of Ontario, the corporation has a wide network of mortgage brokerages across Canada that are licensed to serve you in the province where your property resides.
Whatever your mortgage needs, Advanced Alternative Lending can help. We offer mortgage solutions for home purchases, home improvements, debt consolidation, investment financing, funding education, separation, self employed individuals, low credit scores and commercial financing.
At Advanced, we take pride in turning challenging situations into great opportunities and offering a lending hand for Borrowers, Investors and Brokers.
At any time if you have any questions you can reach me at (613) 656-0866. I look forward to hearing from you.
Michael Hapke, AMP
President and CEO
Owner & Principal Broker, Mortgage Brokers City Inc. President, Advanced Alternative Lending President, DR & UDP, Advanced Capital Corp. President, Advanced Mortgage Investment Corporation
As lending regulations become increasingly strict, private mortgage financing is emerging as a significant source of mortgage funding. Often, there are situations in which banking institutions are unable or unwilling to lend. In these cases, seeking out a private lender becomes a preferred option. Learn more.
With current lending requirements becoming increasingly tighter, qualifying to buy a home can sometimes be challenging. It is more common in today’s environment to see lenders requesting a larger down payment, or declining clients who have reasonably minor blemishes on their credit. Learn more.
Improving or renovating a home can be done for a number of reasons, but the most common reason tends to be for personal enjoyment. Opportunity and timing don’t always match up, and Advanced Alternative Lending can assist in covering short or longer term gaps in financing when considering larger or smaller home improvement projects. Learn more.
If you use your home as collateral for a debt consolidation loan, you may be able to negotiate a lower interest rate for all your combined debts, and extend your repayment term, therefore lowering your payments. Learn more.
If you have equity in your home you may be able to access it and use it to purchase investments, invest in a business or even pay off higher debt credit cards and loans and used the cash flow saved to invest. Learn more.
As education costs continue to climb, sometimes the only way to keep up is to borrow money. Be it for yourself, your spouse or your children, there are a number of solutions including government loans, lines of credit or borrowing against real estate. Learn more.
For self employed individuals, it can sometimes be difficult to qualify for a traditional mortgage. Lenders focus on several factors when making the decision to approve or decline a mortgage application, and reported income is one of the main criteria. Learn more.
Life doesn’t always work out as planned and you don’t plan for a marital breakdown. Paying accumulated debt can be daunting, in some cases one spouse is left to pay bills on their own. You may need to draw from your home equity to pay credit cards or buy out your former spouses portion of the matrimonial home. Learn more.
Interest rates on private mortgages can vary significantly depending on a number of influences, in much the same way as traditional institutional lending rates do. Learn more.
Credit Repair Tips
Keeping yourself aware of what is going on with your credit is very important. Credit Bureau agencies have various programs available for you to use in order to check your credit score on the spot or sign up for a credit monitoring service. Continue reading.
When unforeseen circumstances cause your credit score to drop, it’s nice to know there are steps you can take to repair it. Click here for some tips from the Financial Consumer Agency of Canada (FCAC) on how to improve your credit score.
Filing for bankruptcy can provide much needed relief to debtors who have come across unfortunate circumstances. Once bankruptcy is declared, unsecured creditors are no longer able to garnish your wages or initiate collection. Read more.
The Government of Canada provides information on mortgages via the Financial Consumer Agency of Canada. Visit their site for resources.