Client Story James owns a small construction business in Hamilton and is primarily paid in cash. He saved a 20% down payment for a new home. However because he accepts cash, most of his income is...
Case Study: No Doc, 80% LTV
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Brokers
How your client can achieve financial flexibility with a Magenta solution
A borrower has just found out they won't be getting a prime rate on their loan. There are many reasons borrowers don’t get a loan. Sometimes they lose their job suddenly, or maybe they're new...
Simple Lending Solutions for Unprecedented Times
This is a fictionalized case study intended to illustrate how Magenta provides solutions for borrowers in similar scenarios. All identifying details have been changed to protect the privacy of our...
4 Tips for Mortgage Brokers to Effectively Package Deals
You create solutions for your clients by addressing their unique circumstances. The process of packaging the deal is ultimately communicating your client's story and the proposed solution to the...
Infographic: 4 Tips to Package Deals More Effectively
You create solutions for your clients by addressing their unique circumstances. The process of packaging the deal is ultimately communicating your client's story and the proposed solution to the...
3 Tips for Planning an Exit Strategy for Your Borrowers
For your clients who need a quick-fix mortgage, putting together an exit strategy is a must! Here are three tips for planning an exit strategy that will help you transition your borrowers: 1. Begin...
Follow up Fills the Sales Funnel
The alternative mortgage space is fast paced and exciting. Deals that come across your desk typically come with short turnaround times. When you factor in that many of the alternative deals are...
3 Steps to Packaging Your Deal for Success
Are you doing all that you can to package your deal for success? Making your deal 'lender friendly' is the easiest and quickest way to get an approval. Need tips? Here’s what your lender wants to...
One Key Step to a Better Application Process
It’s no secret that good preparation is one of the best ways to achieve a desired outcome, but how is this best applied to the mortgage application process? One of the keys to effectively managing...