Learn about our mortgage and lending solutions.
Are you looking to purchase a new home? Here’s how Bryen can help:
Expert advice and guidance throughout the home buying process.
Assistance with shopping for the lowest interest rates and best terms.
Help for first-time home buyers navigating the complex home buying process.
Access to a wide range of mortgage products and options to suit your needs.
Negotiation with lenders on your behalf to secure the best mortgage terms possible.
Are you looking to lower your monthly mortgage payments or access the equity in your home? Here’s how Bryen can help:
Expert advice and guidance on your refinancing options.
Help with consolidating high-interest debts to lower your overall debt load.
Assistance with obtaining the lowest interest rates possible to reduce your monthly payments.
Help with using the equity in your home to finance renovations or other major expenses.
Access to flexible prepayment options to pay off your mortgage faster and save on interest costs.
Is your mortgage up for renewal? Here’s how Bryen can help:
Expert advice and guidance on your mortgage renewal options.
Help with negotiating with your current lender to secure better mortgage terms.
Assistance with renewing your mortgage without incurring any extra costs or penalties.
Looking to access the equity in your home to finance a major expense? Here’s how Bryen can help:
Expert advice and guidance on the best ways to use the equity in your home.
Help with obtaining the lowest interest rates possible to reduce your overall borrowing costs.
Assistance with accessing the equity in your home without having to sell it.
Help with financing major expenses, such as home renovations or a child’s education.
Access to flexible prepayment options to pay off your loan faster and save on interest costs.
Alternative lending solutions are becoming increasingly popular in the mortgage industry. They are generally used when borrowers are unable to secure a conventional mortgage with a traditional bank.There are many reasons why someone may not qualify for a conventional mortgage, such as insufficient credit history, high debt ratios, self-employment income, or non-traditional sources of income. In these cases, alternative lending solutions may be the best option.As an experienced mortgage agent, Bryen has helped many clients secure alternative lending solutions when conventional options were not available. Thanks to his expertise in the industry, he is able to assess each client’s unique situation and provide tailored solutions that meet their individual needs.Whether you’re a first-time homebuyer, a real estate investor, or someone who has been turned down by traditional lenders, Bryen is here to help. Bryen has a deep understanding of alternative lending solutions and the lenders who offer them, and he will work tirelessly to find the best solution for your specific situation.Contact us today to discuss your options and find out how Bryen can help you secure the financing you need for your dream home.
Private lending refers to loans that are funded by private investors or companies, rather than traditional banks or financial institutions. These private loans are often used as an alternative to conventional lending options, particularly in situations where borrowers are unable to obtain a mortgage through a bank due to time constraints. These types of loans are generally used as a short-term solution, to buy you more time in rushed situations.Despite being less well-known than traditional lending options, private lending is a highly regulated and secure financial product. Bryen is deeply experienced in this space and has longstanding relationships with many private lenders. If you’re interested in exploring your private lending options, contact us today for a free consultation with Bryen.
ETOs involve borrowing against the equity that has been built up in a property. This can be useful for homeowners who need to access funds for a major expense, such as home renovations, or to consolidate higher-interest debt and reduce monthly payments. If you’re interested in exploring an ETO, contact us today to schedule a free consultation with Bryen.
These loans are typically used by builders and developers who need financing for new construction projects. Because banks are often hesitant to finance construction projects due to the higher risk involved, private lenders can be a more accessible option.There are a lot of things to look out for when registering a construction loan. As an experienced construction loan underwriter, you can count on Bryen to guide you step-by-step through the process and secure you the best possible terms and interest rate.
A bridge loan is a short-term loan that is used to bridge the gap between the purchase of a new property and the sale of an existing property. This can be useful for homebuyers who need to purchase a new property before selling their current one, and in certain other situations. Bryen has arranged numerous bridge loans for clients - if you are interested in securing one, reach out to us today to schedule a free consultation.
Many homebuyers have experienced the frustration of making an offer on their dream home, only to lose out to another bidder. The reality is that for highly desirable homes, having a 2-3month closing period can make your offer uncompetitive. Purchase loans can help you close quickly and secure your dream home. Bryen has helped many buyers who had difficulty obtaining a traditional mortgage with this solution. By arranging with a private lender to help finance the purchase of a property for a quick closing date, buyers have the ability to purchase their home and acquire time to secure long-term financing with a low interest rate via a conventional mortgage.
A reverse mortgage is a type of loan that allows homeowners over the age of 55 to access the equity in their home without having to sell it. Instead of making monthly payments, the loan and interest are paid back when the home is sold or when the homeowner passes away.For seniors who are struggling with day-to-day expenses, or who wish to finance a large expenditure, a reverse mortgage can provide the financial support needed to live comfortably. With a reverse mortgage, you can receive a lump sum payment, regular monthly payments, or a line of credit to use as you see fit. The best part? You can continue to live in your home as long as you want.
Qualifying for a reverse mortgage is simple. Here the key points:
You must be over 55 years of age
You must own your home outright or have a significant amount of equity, i.e. a low mortgage amount
You don’t need to have a steady source of income
You will not need to make regular payments
Plus, the loan is highly regulated and insured by the government, so you can rest assured that you’re protected. If you’re struggling to make ends meet in your golden years, a reverse mortgage can be a lifeline. Not only can it provide you with the financial support you need, but it can also help you stay in the home you love. Don’t let your age or financial situation hold you back – reach out to us today to learn more about how a reverse mortgage can benefit you.
Scenario 1:Samantha is a retired senior citizen who has been living in her home for over 30 years. She has no income and is having trouble paying her bills. She also has a mortgage of $100,000 that she needs to pay off. Samantha applies for a reverse mortgage and is approved for a loan of $150,000. She uses the funds to pay off her mortgage and the remaining $50,000 for her daily expenses and medical bills. She does not have to make any monthly payments and can continue to live in her home as long as she wants.Scenario 2:Bob and Linda are a retired couple who want to renovate their home to make it more accessible for their elderly needs. They apply for a reverse mortgage and are approved for a loan of $200,000. They use the funds to renovate their home with a new bathroom, wider doorways, and a ramp. They also have some money left over to take a trip to visit their grandchildren. They do not have to make any monthly payments and can continue to live in their home as long as they want.Scenario 3:David is a senior citizen who wants to help his children with a down payment for their first home. He applies for a reverse mortgage and is approved for a loan of $100,000. He gives $50,000 to each of his children as a down payment. He does not have to make any monthly payments and can continue to live in his home as long as he wants.In all of these scenarios, the homeowner’s ownership of their home is not transferred to the bank when they receive a reverse mortgage. The reverse mortgage is registered against the home in the same way most regular mortgages or home equity lines of credit are. The remaining equity on the home depends on the difference between the home’s current value and the amount owing on the reverse mortgage.Homeowners can use the funds to pay off their regular mortgage, cover daily expenses, make home renovations, pay for medical bills, in-home care, trips, or to help a relative with a down payment of a home of their own. Homeowners must pay property taxes directly to the municipality. If both spouses are registered as joint tenants, the surviving spouse can continue to be a borrower and is entitled to all the benefits a reverse mortgage has to offer.Independent Legal Advice (ILA) must be obtained by the legal titleholder of the property and, if applicable, any non-title holding spouse. Finally, to reduce interest accumulation, homeowners can limit the amount of their initial advance and take out additional funds only as needed. You can also pay down the interest annually, but this is absolutely not mandatory.
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