There are many steps in the mortgage process, but often, borrowers fail to pass the first. Pre-approval is crucial for a mortgage because it serves as proof of your ability to pay, and it’s usually the first thing lenders will consider. Unfortunately, most local banks and financial institutions observe rigorous lending requirements, meaning anyone who doesn’t pass gets turned down. With those odds, is there any way to get a better chance at mortgage pre-approval?
There is, and it won’t come from any financial institution or bank. Independent mortgage agents are mortgage financing professionals who specialize in providing custom strategies that work for any complex financing needs. They can offer borrowers a wider variety of lenders and financing options to suit their credit or income situation. On top of that, mortgage agents can speed up the mortgage process and provide unbiased advice to help their clients make the best decisions. So, if you need help getting pre-approval, we know the agent who can help.
Sofia Badruddin is an Ontario-based veteran mortgage agent working with Mortgage Alliance, one of Canada’s premier mortgage agencies. Apart from the usual mortgage skillset, Sofia’s forte is in private lending solutions. Thanks to her 11 years of experience, she is able to take a comprehensive approach toward solving her clients’ mortgage or financial issues, understanding their unique needs and goals before connecting them to a private lender offering rates and terms that suit them best.
What’s so good about private mortgage options? In simple terms, a private mortgage bypasses an institutional lender. It involves borrowing funds from a family member, friend, or business. This solves certain pain points that most borrowers face; as Sofia describes, “Many of my clients are unable to manage finances, facing rising rates, and struggling with credit card or other outside debts. They cannot get approved for a mortgage through traditional channels like banks because of their problems.” Hence, Sofia’s private mortgage solutions provide borrowers with less-than-stellar credit or unusual income with an avenue for easy pre-approval.
While helping her clients get pre-approval is great, it’s not Sofia’s main goal as a mortgage agent. From purchases and refinance, to equity takeouts and renewals, Sofia’s mission is to improve her client’s overall financial health and help them attain financial relief. To that end, she offers credit repair, debt consolidation, and financial literacy services in addition to the usual mortgage services. The aforementioned are just some services her competitors rarely offer clients themselves. “I have been a part of this industry for over 10 years. My knowledge and experiences enable me to help my clients make more knowledgeable decisions and learn for themselves. At the end of the day, I just want my clients to better manage their finances.” Sofia explained.
To top all that off, Sofia maintains a professional promise of client satisfaction no matter the mortgage service she provides. “The client always comes first. I work for them, not the banks, so I strive to always deliver the best possible service with as fast and seamless a process as possible. My clients can trust me to do all the grunt work involved, and not skimp on results.”
Poor finances and pre-approval don’t need to be insurmountable obstacles between you and your mortgage. The simple solution for financial relief and ease of pre-approval just might be in a private lending solution. To get a hold of your own custom private financing solution, connect with Mortgage Alliance agent Sofia Badruddin.
Source: Variance Marketing