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*
Debt
Consolidation
* Credit Repair
* Renovation-Based
Mortgages |
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The Canadian
Renovation Funding Program
is a non-profit advisory service that is supported
mostly by the Canadian residential and commercial renovation
industries.
see
disclaimer
Acting as an "information bridge"
between Canadian lending institutions, the construction industry and individual homeowners,
the Program's core mandate is designed to:
1-
Identify and assist
those home owners and home buyers who may experience
difficulty in qualifying for conventional bank mortgage lending.
2- Act as
an advisory resource to mortgage lenders, builders,
renovators and related contracting
companies to
assist in the development of existing and new renovation
mortgages along with related
renovation loan products.
Since 1995, the Canadian Renovation Funding Program has been instrumental in the
development
of several renovation-based loans for
major Canadian banks and other lending institutions.
Although the program does not directly arrange
renovation loans or mortgages,
it effectively "matches up" and recommends
each client to a participating mortgage professional who
is best-trained for the client's individual credit situation.
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A
More Specialized Industry...
Since 2002, the Canadian mortgage industry has undergone
evolutionary changes that have permanently affected the
way mortgages are obtained across the nation.
With dozens of "in-between" lenders opening
their doors in competition with the 5 major banks, over
300 individual mortgage products have been recently introduced to
the public.
With this new and wider variety of "customized" mortgage
lending, homeowners and potential home buyers have many more
alternatives...
For this
reason, most brokers have gained individual expertise in more
specific types of credit circumstances, such as
specializing in clients
with
AAA+ credit, or
those with
extremely poor credit,
or
business-for-self, or
recent bankrupts, or
self-declared income, or
new immigrants, etc.
Therefore, locating the right mortgage specialist is essential to finding
the most suitable mortgage product for your own personal situation.
For related topics, click
here
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