In today’s episode, Carmen and Jordan speak with husband and wife power team Ginny Sahni and Jiten Sharma, Senior Mortgage Underwriters for Pro Funds Mortgages, about reasons to work with a broker as opposed to a bank. In addition to sharing their professional history, Ginny and Jiten explain the current mortgage rules for residential properties and the impact they have, as well as what alternative lenders and the Office of the Superintendent of Financial Institutions are. They also explore private mortgages and the many benefits of dealing with a broker. You are invited today to take this unique opportunity to learn from these two experts as they share their vast amount of knowledge, insight and experience in the mortgage and lending field.

Episode Highlights:

Ginny and Jiten’s professional history Current mortgage rules for residential properties and their impact Alternative lenders Office of the Superintendent of Financial Institutions (OSFI) The many benefits of dealing with a broker What a private mortgage is

Quotes:

“The rules keep changing and they’re making it more and more challenging for individuals to qualify for a residential mortgage.”

“We have even access to these lenders who are actually a great fit for those people who have been declined by the major banks.”

“The broker, we work for the client.”

“In one application they can have, you know, the ability to look at many different lenders with a broker, which I think is a huge benefit.”

“A seasoned broker has developed a relationship with these lenders over a period of time which, you know, actually provides them a lot of value.”

“Private money is becoming more and more popular as the guidelines are changing.”

“It’s like a one stop shop.”

Links:

30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Pro Funds Mortgages homepage: https://www.profunds.ca/