Case Study - $600,000 Mortgage Options via an A Lender, a B Lender and a Private Lender

Case Study - $600,000 Mortgage Options via an A Lender, a B Lender and a Private Lender.

Case Study - $600,000 Mortgage Options via an A Lender, a B Lender and a Private Lender video duration 5 Minute(s) 10 Second(s), published by Yiannis Andreou on 14 03 2019 - 23:01:18.

The video compares the most important terms available on a mortgage of $600000 via an A Lender, a B Lender and a Private Lender
It allows us to understand There are many Jargon and Technical Terms in the Mortgage Industry
LTV, HELOC, APR, MTG
What are all those? I am going to explain some of these in this .

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The video compares the most important terms available on a mortgage of $600,000 via an A Lender, a B Lender and a Private Lender. It allows us to understand the requirements of the three Lenders depending on the down payment and credit history of an applicant. The mortgage terms that we focus on are the following: 1) Interest Rate(We have selected Variable), 2) Monthly Payment, 3) Prepayment Privilege, 4) Years of Mortgage Term(1-5), 5) Prepayment Penalty if the mortgage is paid before the Maturity Date, 6) Lender Fee, 7) Broker Fee, 8) Renewal Fee, 9) Credit Score(300-900 Range) - Over 600 barely qualifies with an A Lender, Between 550-600 with a B Lender and under 550 with Private Lenders, 10) Credit History(Impeccable for A Lenders, Semi-Bruised(B Lender for scores from 550-600 - Consumer Proposal, Collections, Bankruptcy, Judgment), Bruised(Private Lender for scores under 550 - Foreclosure in progress or in the past, Car Repossession, Canada Revenue Judgment, Bankruptcy, Consumer Proposal). It should be noted that if an Applicant is Salaried, we may be able to find a B Lender to help with a credit score over 500.